How many future dollars would you need 5 years from now just to have the same buying

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How many future dollars would you need 5 years from now just to have the same buying power as $50,000 now, if the deflation rate is 3% per year?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:24 AM

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How many future dollars would you need 5 years from now just to have the same buying

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Given information Deflation rate 3 Present value 50000 Number of years 5 The questi...View the full answer

Engineering economy

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