In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how t would a $14 wool blanket cost five days later? Hint Use the following equation to calculate future price: Future price (current price) pnflation rate), where ris the number of days in the future Instructions: Round your response to one decimal place.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how t
would a $14 wool blanket cost five days later?
Hint Use the following equation to calculate future price: Future price (current price) pnflation rate), where ris the number of days
in the future
Instructions: Round your response to one decimal place.
Transcribed Image Text:In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how t would a $14 wool blanket cost five days later? Hint Use the following equation to calculate future price: Future price (current price) pnflation rate), where ris the number of days in the future Instructions: Round your response to one decimal place.
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