A hundred thousand pesos now will become P341,655.49 in eight years at an interest rate of 9% compounded annually and with inflation. What is the yearly inflation rate in this case?
A hundred thousand pesos now will become P341,655.49 in eight years at an interest rate of 9% compounded annually and with inflation. What is the yearly inflation rate in this case?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A hundred thousand pesos now will become P341,655.49 in eight years at an interest rate of 9% compounded annually and with inflation. What is the yearly inflation rate in this case?
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