What is the difference in purchasing power of your savings, Financial Management

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What is the difference in purchasing power of your savings

Question

Use the calculators at Dinkytown.net to answer the following questions:

Investing $1,000 at 6 percent for five years, what is the difference in purchasing power of your savings if inflation increases by 2 percent annually during that time? By 4 percent?

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Financial Management: What is the difference in purchasing power of your savings

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Financial Management: What is the difference in purchasing power of your savings

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