The purchasing power P of a fixed income of $30,000 per year (such as a pension) after
Question:
The purchasing power P of a fixed income of $30,000 per year (such as a pension) after t years of 4% inflation can be modeled by
P = 30,000 (1.04)-t
Find the purchasing power (to the nearest dollar) after
(a) 5 years
(b) 20 years.
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Related Book For 
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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