Compute the inflation rate for the entire ten-year period

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One economist has predicted that during the next six year prices in the united states will increase55 %. After that he expects a further increase of 25% in the subsequent four years, so that prices at the end of ten years will have increased to 180% of the present level. Compute the inflation rate, f, for the entire ten-year period.

Reference no: EM13158600

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