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    bstwrt's Avatar
    bstwrt Posts: 1, Reputation: 1
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    #1

    Apr 11, 2012, 07:34 PM
    Compound interest
    If the inflation rate were 12% each year for six years, hoe much money would I have to make per month to stay even with inflation at the end of the six years. I now earn 1,653 per month.
    nmharris's Avatar
    nmharris Posts: 3, Reputation: 1
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    #2

    Apr 12, 2012, 07:31 AM
    It is not clear from the problem, but if it is compounded continuously, the answer is that you would need to make $3,395.98 each month at the end of that 6 year period to stay even with inflation.
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