An economist has predicted that there will be a 7% per year inflation of prices during the

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An economist has predicted that there will be a 7% per year inflation of prices during the next 10 years. If this proves to be correct, how much will an item that presently sells for $10 bring a decade hence? (Answer: $19.67)

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 07:17 AM

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An economist has predicted that there will be a 7% per year inflation of prices during the

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