Now if you earn $10 at the beginning of each month for 10 years, you will have 1200 dollars when there is no inflation and no interest. When we consider the net inflation rate as 1% monthly, your buying power reduces to 0.99^n after n months. What is your true buying power at the end of 10 years? **Book: Mathematical Methods in The Physical Sciences, 3rd edition by Mary L. Boas, John Wiley & Sons, 2006.

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