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Mathematics, 01.07.2020 20:01 saeedalr366

If the rate of inflation averages r per annum over n years, the amount A that $P will purchase after n years is AequalsP(1minusr)Superscript n, where r is expressed as a decimal. If the average inflation rate is 4.8%, how long is it until the purchasing power is cut in half?

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If the rate of inflation averages r per annum over n years, the amount A that $P will purchase after...
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