Question
You have an amount with you today that can buy you a bag of groceries worth PhP1,837. Suppose the you would want to buy the
You have an amount with you today that can buy you a bag of groceries worth PhP1,837. Suppose the you would want to buy the same things in the bag of groceries 6 years from now. Suppose further that the inflation rate for the first 3 years is 7% and 4% for the remaining years. Interest rate is 6% each year.
How much would you need to pay for that bag of groceries 6 years from now?
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Analysis Synthesis And Design Of Chemical Processes
Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting
5th Edition
0134177401, 978-0134177403
