Inflation over the past 5 years (2015-2011) has been 2.2% per year. Suppose that at the beginning
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Inflation over the past 5 years (2015-2011) has been 2.2% per year. Suppose that at the beginning of 2011, you put $1002.42 under your mattress and left it there until the end of 2015. What is the remaining purchasing power of your savings at the end of 2015?
Related Book For
Accounting Information Systems
ISBN: 9780132871938
11th Edition
Authors: George H. Bodnar, William S. Hopwood
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