
Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin
Edition 1ISBN: 9780073401294
Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin
Edition 1ISBN: 9780073401294 Exercise 7
If the inflation rate is 7% per year, how many years will it take for the cost of something to double, if the price increases only by the inflation rate?
Explanation
Assume C 1 is the cost today.
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Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin
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