An economist has predicted that during the next 6 years, prices in the United States will increase
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An economist has predicted that during the next 6 years, prices in the United States will increase 55%. He expects a further increase of 25% in the subsequent 4 years, so that prices at the end of 10 years will have increased to 180% of the present level. Compute the inflation rate, f, for the entire 10-year period.
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P 100 F 180 n 10 f 180 ...View the full answer
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