If the rate of inflation is3.7% per year the future price p (t) (in dollars) of a certain item can be modeled by the following exponential function where t is the number of years from today
p (t) = 600 (1.037^t)
Find the current price of the item and the price 10 years from today
Round your answers to the nearest dollar necessary
Current price:
Price 10 years from today :
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