SOLUTION: if the rate of inflation averages r per annum over n years, the amount. A that $P will purchase after n years is A=P(1-r)^n, where r is expressed as a decimal. if the inflation rat
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: if the rate of inflation averages r per annum over n years, the amount. A that $P will purchase after n years is A=P(1-r)^n, where r is expressed as a decimal. if the inflation rat
Log On
Question 1162505: if the rate of inflation averages r per annum over n years, the amount. A that $P will purchase after n years is A=P(1-r)^n, where r is expressed as a decimal. if the inflation rate averages 2.1%, how much will $2,000 purchase in 4 years? Answer by ikleyn(52851) (Show Source):
