Homework: Homework Three Score: 0 of 2 pts P12-26 (similar to Save 5 of 10 (0 co

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Homework: Homework Three Score: 0 of 2 pts P12-26 (similar to Save 5 of 10 (0 complete) HW Score: 0%, 0 of 20 pts EQuestion Help Infilation and project cash flows) If the price of a gallon of regular gasoline is $2.34 and the anticipated rate of infation in energy prices is such that the cost of gasoline is expected to rise by 8 percent per yoar, what is the expected price per gallon in 7 years? The expected price per gallion of gas in 7 years is s(Round to two decimal places.) Enter your answer in the answer box and then click Check Answer All parts showing

Explanation / Answer

Expected price in 7 Years                          4.01 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Price of regular Gasoline                          2.34 Rate of inflation 8% Expected price after 7 Years = 2.34 (1.08)^7                          4.01

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