Rounded to the nearest month, how long will it take money to lose 25% of its purchasing

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Rounded to the nearest month, how long will it take money to lose 25% of its purchasing power if the annual rate of inflation is:
a. 2%?
b. 4%?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:32 AM

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Rounded to the nearest month, how long will it take money to lose 25% of its purchasing

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If money loses 25 of its purchasing power a nominal 100 FV at t...View the full answer

Business Mathematics In Canada

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