Answer:
Current price = $2500
price 10 years after today = $3665.18
Step-by-step explanation:
[tex] p(t) = 2500(1.039)^t[/tex]
For the current price, t = 0
[tex] p(0) = 2500(1.039)^0\\\\
p(0) = 2500\times 1\\\\
p(0) = $2500\\
[/tex]
For price 10 years after today, t = 10
[tex] p(10) = 2500(1.039)^{10}\\\\
p(10) = 2500\times 1.46607259475\\\\
p(10) = $3665.18148689\\\\
p(10) = $3665.18\\
[/tex]
