The function C 1 Co 1 r models the rise in the cost of a

Last updated: 5/11/2023

The function C 1 Co 1 r models the rise in the cost of a product that has a cost of Co today subject to an average yearly inflation rate of r for 1 years If the average annual rate of inflation over the next 14 years is assumed to be 2 5 what will the inflation adjusted cost of a 111 300 boat be in 14 years Round to two decimal places