Question 8-A: To estimate when your money will be worth half of what it is...

Engineering Economy

To estimate when your money will be worth half of what it is worth today, divide 72 by the expected average annual rate of inflation. If the long-term annual rate of inflation is 3%, in how many years will your money be worth half of its current value? What if the average annual inflation rate increases to 4%? (8.2)

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