5.13 The cost in dollars will increase by 5% each year, to a value of $5 x...
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5.13 The cost in dollars will increase by 5% each year, to a value of $5 x (1.05)50 = $57.34. If the inflation rate is 10%, the cost will be $5 x (1.10)50 = $586.95.
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Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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