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1.) suppose your annual salary today is Php 500,000. How much will be the equivalent salary in 10 years from now if the annual inflation
1.) suppose your annual salary today is Php 500,000. How much will be the equivalent salary in 10 years from now if the annual inflation rate is 6%
2.) A machine costs Php 200,000 today. The inflation rate is 8% per year. How much will be the amount of an identical machine eight years from now?
Please provide a formula-type of solution. Thanks!
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