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The inflation rate is the annual percentage increase in the price of a standard basket of consumer goods. At an inflation rate of 8.6%, how
The inflation rate is the annual percentage increase in the price of a standard basket of consumer goods. At an inflation rate of 8.6%, how many years will it take for the price of the standard basket of goods to increase to 7 times its original value?
Express your answer in years rounded correctly to two decimal places.
Correct Answer: 23.59
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