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    Business Mathematics Study Set 1
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    Exam 8: Compound Interest: Future Value and Present Value
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    If the Inflation Rate for the Next 10 Years Is
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If the Inflation Rate for the Next 10 Years Is

Question 36

Question 36

Short Answer

If the inflation rate for the next 10 years is 3% per year, what hourly rate of pay in 10 years will be equivalent to $15 per hour today?

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