Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 10, Problem 35P
To determine

Calculate the future value.

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The future amount of $500,000 for a period of 8 years is equal to $400,000, considering money is worth 8% per year. What is the inflation rate?
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Basics Of Engineering Economy

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