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...

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 $38,598 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...

Is this correct: find the geometric mean rate of increase. The question is 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. (33598/25000)^1/10 = 1.03 ...

A recent article suggested that if you earn $25,000 a year today and the inflation rate continues at 3% per year, you will need to make $33,598 in 10 years to have the same buying power. You will need to make $44,771 in the inflation rate jumped to 6%. Confirm the statements are accurate by...