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tlwomack
Apr 21, 2008, 07:53 PM
A recent article suggested that if you earn $25,000 a year today and the inflation rate continues at 3 percent per year, you'll need to make $33,598 in 10 years to have the same buying power. You would need to make $44,771 if the inflation rate jumped to 6 percent. Confirm that these statements are accurate by finding the geometric mean rate of increase.

Fr_Chuck
Apr 21, 2008, 07:57 PM
Why not YOU confirm them, post your answers and we will give you advice on things if you did them wrong