2- If a 3D printer increased in cost at exactly the inflation rate, what was the inflation rate if the printer costs exactly twice as much now as it did 10 years ago?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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3. What annual inflation rate is implied from an inflation-adjusted interest rate of 10% per
year, when the real interest rate is 4% per year?
I
2- If a 3D printer increased in cost at exactly the inflation rate, what was the inflation
rate if the printer costs exactly twice as much now as it did 10 years ago?
Transcribed Image Text:3. What annual inflation rate is implied from an inflation-adjusted interest rate of 10% per year, when the real interest rate is 4% per year? I 2- If a 3D printer increased in cost at exactly the inflation rate, what was the inflation rate if the printer costs exactly twice as much now as it did 10 years ago?
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