elem Posts: 3, Reputation: 1 New Member #1 Apr 11, 2008, 11:09 AM
Inflation rate continues
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.
 morgaine300 Posts: 6,561, Reputation: 276 Uber Member #2 Apr 11, 2008, 03:43 PM
The same guidelines about posting homework that I posted to you on the accounting & finance board count here also.

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