Exercise 5. [10 pts] According to a simplified economic model, the purchasing power of 1 dollar in the year 2000+ t is equal to

Question

Exercise 5. [10 pts] According to a simplified economic model, the purchasing power of 1 dollar
in the year 2000+ t is equal to
P(t) 0.68(1.040)-²
dollars. Calculate (you will need a calculator) the rate of change of the purchasing power in the
year 2025 as predicted by this model.

Kunduz · Accepted Answer

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