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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 34
If $1000 is invested now, the number of future dollars required 10 years from now to earn a real interest rate of 6% per year, when the inflation rate is 4% per year, is closest to:
A) $1480
B) $1790
C) $2650
D) Over $2700
A) $1480
B) $1790
C) $2650
D) Over $2700
Explanation
Verified
Verified
i is interest rate,
f is inflation rate....
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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