
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 60
If the inflation rate is 6% per year and a person wants to earn a true (real) interest rate of 10% per year, determine the number of future dollars she has to receive 10 years from now if the present investment is $10,000.
Explanation
The formula for calculating the future w...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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