Suppose that inflation causes the value of a dollar to decrease at a rate of 4.5%per year. To use a general exponential model to find the value of the dollar at some future time compared to its present value, you would set r to
Suppose that inflation causes the value of a dollar to decrease at a rate of 4.5%per year. To use a general exponential model to find the value of the dollar at some future time compared to its present value, you would set r to
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Suppose that inflation causes the value of a dollar to decrease at a rate of 4.5%per year. To use a general exponential model to find the value of the dollar at some future time compared to its present value, you would set r to
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Suppose that inflation causes the value of a dollar to decrease at a rate of per year.
To Determine :-
To use a general exponential model to find the value of the dollar at some future time compared to its present value, would be equal to .
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