document.write( "Question 1109427: Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying \"In my day, you could buy a cup of coffee for a nickel\"). Suppose inflation decreases the value of money by 5% each year. In other words, if you have $1 this year, next year it will only buy you $0.95 worth of stuff. How much will $100 buy you in 20 years? \n" ); document.write( "
Algebra.Com's Answer #724444 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! Let \n" ); document.write( "after 20 yrs \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "In 20 yrs $100 is worth $35.85 \n" ); document.write( " \n" ); document.write( " |