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How much would it cost to buy oranges today

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Question - In 6 years, you will be able to buy 15 oranges for 34 dollars. In 16 years, you will be able to buy 25 oranges for 75 dollars. If we assume that the annual rate of inflation stays fixed and that the cost of oranges perfectly reflects the overall consumer price index (CPI), how much would it cost to buy 35 oranges today? Round your answer to the nearest dollar.

Reference no: EM132195443

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