If the interest rate is 4.6% per year, how long will it take for your money toquadruplein value?(Do not your intermediate calculations.Round your answer to 2 decimal places.)

Number of years

b.	If the inflation rate is 3.3% per year, what will be the change in the purchasing power of your money over this period?(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Purchasing power

(Click to select)decreasesincreases/ increase

by what %.