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Suppose you postpone consumption so that by investing at 5% you will have an extra $500 to spend in one year. Suppose that inflation is 2% during this time. What is the approxim…

Suppose you postpone consumption so that by investing at 5% you will have an extra $500 to spend in one year. Suppose that inflation is 2% during this time. What is the approxim…
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Suppose you postpone consumption so that by investing at 5% you will have an extra $500 to spend in one year. Suppose that inflation is 2% during this time. What is the approximate real increase in your purchasing power

asked
User Ali Yucel Akgul
by
8.3k points

1 Answer

3 votes

Answer: $300

Explanation: 3/5 x $500= $300

answered
User Raynos
by
8.4k points
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