Question: If prices increase 2% each year for 10 years, then a jacket that costs $80 today will cost $97.52 in 10 years. What is the
If prices increase 2% each year for 10 years, then a jacket that costs $80 today will cost $97.52 in 10 years. What is the percentage decrease in the buying power of currency over the 10-year period? (Round your answer to one decimal place.)
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