Instead of spending the 50month you receive you decided to, Microeconomics

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Instead of spending the 50month you receive you decided to

Problem

Instead of spending the $50/month you receive you decided to invest it in your money market account that your bank offers Assuming you will earn an average of 5% each year and inflation is forcasted to 2.5% a year how much have you effectively earned after 10 years? in other words, after you have factored out the effects of inflation, how much purchasing power do you have?

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Microeconomics: Instead of spending the 50month you receive you decided to

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