Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin

Exercise 9

A certain website allows users to determine how many inflated dollars have the same buying power as a given amount of money at any time in the past between the years of 1774 and 2006.When the values 1920, 2005, and $000 are entered for the initial year, desired year, and initial amount, respectively, the result is $745.51.On the basis of these numbers, what was the average inflation rate per year between 1920 and 2005?