5. 10.5 If the inflation rate is 5% per year, how many years will it take for...
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5. 10.5 If the inflation rate is 5% per year, how many years will it take for the cost of an item to double, if the price increases only by the inflation rate? Obtain the answer using
(a) an equation, and
(b) Figure 1.3.
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Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
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