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QUESTION 9 In 1970, a Ford Mustang costed $5,398. The price index today is 251 and the price index was 68 in 1970. What is th
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Answer #1

Q9

Price of ford mustang today's dollars = 5398 * 251 / 68 = 19924.97 ~ 19925 (Nearest Dollar)

Q10

Amount required today = 2331 * 168 / 144 = 2719.50

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