Question: please solve using excel step by step 4.1 How many years will it take for the dollar's purchasing power to be one-half of what it

please solve using excel step by step

4.1 How many years will it take for the dollar's purchasing power to be one-half of what it is now if the general inflation rate is expected to continue at the rate of 6% for an indefinite period? (a) About 7 years (b) About 8 years (c) About 11 years (d) About 12 years

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