Mathematics, 26.07.2019 19:00 jjjones2233
Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "in my day, you could buy a cup of coffee for a nickel"). suppose inflation decreases the value of money by 4% each year. in other words, if you have $1 this year, next year it will only buy you $0.96 worth of stuff. how much will $100 buy you in 10 years?
Answers: 2
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