In 1982 the inflation rate hit 16%. suppose that the average cost of a textbook in 1982 was $25. what was the expected cost in the year 2017 if we project this rate of inflation on the cost? (assume continuous compounding. round your answer to the nearest cent.)

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?