diamondprince
Oct 21, 2008, 05:38 AM
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 ame buying power. You will 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.