If the market interest rate is 12% per year and the inflation rate is 5% per year,
Question:
If the market interest rate is 12% per year and the inflation rate is 5% per year, the number of future dollars in year 7 that will be equivalent to $2000 now can be determined by the relation:
a. F 2000(1 0.176)7
b. F 2000/(1 0.176)7
c. F 2000(1 0.120)7
d. F 2000(1 0.198)
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Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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