Question
Carlota Buesing , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone down from $217,910.00 to $82,160.00 in
Carlota Buesing , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone down from $217,910.00 to $82,160.00 in 12 years. With tri-annually compounding, what is the annualized rate of loss/decline (CAGR)?
| a. -8.0193% | ||
| b. 0.9155% | ||
| c. -2.6023% | ||
| d. -32.0773% |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
