Inflation has been a reality for the general economy of the, Business Economics

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Inflation has been a reality for the general economy of the

Inflation has been a reality for the general economy of the U.S. In many years. Given this assumption, calculate the number of years it will take for the purchasing power of today's dollars to equal one-fifth of their present value. Assume that inflation will average 3% per year.

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Business Economics: Inflation has been a reality for the general economy of the

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