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

    Apr 21, 2008, 07:53 PM
    21 April
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    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
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