FINANCIAL LITERACY Suppose an MP3 player cost $499 in 2003 and $249.99 in 2009.

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FINANCIAL LITERACY Suppose an MP3 player cost $499 in 2003 and $249.99 in 2009.

a. Graph a trend line to predict the price of the MP3 player for 2003 through 2009.

b.Based on the data, how much does the price drop per year?

c.If the trend continues, what will be the cost of an MP3 player in 2013?


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