Problem

It Ain’t Like It Used to Be Sheryl’s grandfather told Sheryl that 50 years ago the average...

It Ain’t Like It Used to Be Sheryl’s grandfather told Sheryl that 50 years ago the average cost of a new car was only $1,000, while today the average cost is $18,000. What continuous interest rate over the past 50 years would produce this change?

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Solutions For Problems in Chapter 2.3