A country experiences inflation at an average annual rate of 6.7%. If this inflation rate is maintained for the next few years, How much will be worth $ 100,000,000 to be received in five years, in terms of today's money? How much is lost in purchasing power expressed in terms of money? How much is lost in purchasing power expressed in percentage terms? 

Answer rating: 100% (QA)

To calculate the present value of a future amount adjusted for inflation we can use the formula for ... View the full answer