If another Austin Powers movie had been released in 20222022​, and Dr.​ Evil, now armed with a financial​ calculator, wants to hold the Earth ransom for ​$10 comma 000 comma 00010,000,000​, what inflation rate would Dr. Evil use to make his ransom equivalent to $ 1 comma 000 comma 000$1,000,000 in 19691969​? ​(​Hint: Inflation is compounded on an annual​ basis.)         Question content area bottom Part 1 The inflation​ rate, ​I/Y​, expected is enter your response here​%. ​ (Round to the two decimal​ places.)

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
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If another Austin Powers movie had been released in
20222022​,
and Dr.​ Evil, now armed with a financial​ calculator, wants to hold the Earth ransom for
​$10 comma 000 comma 00010,000,000​,
what inflation rate would Dr. Evil use to make his ransom equivalent to
$ 1 comma 000 comma 000$1,000,000
in
19691969​?
​(​Hint:
Inflation is compounded on an annual​ basis.)  
 
 
 

Question content area bottom

Part 1
The inflation​ rate,
​I/Y​,
expected is
enter your response here​%.
​ (Round to the two decimal​ places.)
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