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We have $1000. What will be the real value of the money in three years if we expect the inflation rates to be as follows?

We have $1000. What will be the real value of the money in three years if we expect the inflation rates to be as follows? What will be the overall inflation rate between 2020-2022?

Year	2020	2021	2022
Inflation rate	2%	3%	2%

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SOLUTION We start with 1000 in 2020 Inflation rate in 2020 is 2 To calculate the 2020 value Take ... blur-text-image

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