9. 1.94 If inflation has been steady at 3.2% per year for 4 years, the reduction in
Question:
9. 1.94 If inflation has been steady at 3.2% per year for 4 years, the reduction in purchasing power over the 4 years is closest to:
1.
a. 6%
2.
b. 12%
3.
c. 14%
4.
d. 22%
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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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