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tetleyelmo tetleyelmo
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7 years ago
At an inflation rate of 9 percent, the purchasing power of $1 would be cut in half in 8.04 years. How long to the nearest year would it take the purchasing power of $1 to be cut in half if the inflation rate were only 4 percent?
A) 12 years   
B) 15 years   
C) 18 years   
D) 20 years   
E) 23 years
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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