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The average cost of a Model T Form was 18,000 ten years ago. This year...

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Accounting

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The average cost of a Model T Form was 18,000 ten years ago. This year the average cost is $30,000. (a) Calculate the average monthly inflation rate (f_m) for Model T cars, (b) Based on (a), what is the effective annual rate, /, of inflation for Model T cars, (c) Estimate what Model T cars will sell for ten years from now, expressed in today's dollars

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