Question
An economist has predicted that during the next 12 years, prices in the US will increase 55%. He expects a further increase of 25% in
An economist has predicted that during the next 12 years, prices in the US will increase 55%. He expects a further increase of 25% in the subsequent 8 years. Compute the annual inflation rate ,f, for the entire 20 year period?
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Authors: Greg Middleton
1st Edition
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