Inflation is a reality for the general economy of the United States for the foreseeable future. Given

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Inflation is a reality for the general economy of the United States for the foreseeable future. Given this assumption, calculate the number of years it will take for the purchasing power of today's dollars to equal one-fifth of their present value. Assume that inflation will average 6% per year.
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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