document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1041885>Question 1041885</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If there was a 6% inflation rate for the next 20 years, a &#8377;100 purchase today will cost how much in 20 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #656859 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel555><B>jorel555(1290)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel555><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=656859\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The cost of money, accounting for inflation, is (1+r)^n, where r is the rate of inflation, and n is the amount of time periods in question. So:<BR>\n" );
document.write( "100 x (1.06)^20=100x3.20713547221=&#8377; 320.713547221 is what it will cost for &#8377;100 worth of goods today. </SPAN>\n" );
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