The difference in purchasing power of savings if inflation increases by 2 percent and 4 percent annually. Introduction: Financial planning is a process of bridging the gap between the life goals and the finance required to achieve them, through the proper management of cash in hand and cash at bank. It involves developing strategies used to help individuals in achieving their future goals by means of effective investment planning.

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Chapter D, Problem 2TIT

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To determine: The difference in purchasing power of savings if inflation increases by 2 percent and 4 percent annually.

Introduction: Financial planning is a process of bridging the gap between the life goals and the finance required to achieve them, through the proper management of cash in hand and cash at bank. It involves developing strategies used to help individuals in achieving their future goals by means of effective investment planning.

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