Assume that over the past eight years, prices have increased by a total of 65%. What is the annual inflation rate?;The inflation rate is compounded annually. Compute your answer to the nearest 0.01%.;Set up a TVM equation where sometime in the future you will get your money back plus 65% of the initial investment. Solve for i (usually means interest rate, but here we can consider it inflation rate).
Paper#30864 | Written in 18-Jul-2015Price : $18