Multiple Choice
Rounded to the nearest month, calculate how long it will take money to lose half its purchasing power to a 3.25% inflation rate.
A) 20 years and 10 months
B) 21 years and 8 months
C) 21 years and 10 months
D) 22 years and 4 months
E) 22 years and 8 months.
Correct Answer:
Verified
Correct Answer:
Verified
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