Did you make a sound economical decision

Reference no: EM131506744

Question: The cost of first-class postage has risen by about 5% per year over the past 30 years. The U.S. Postal Service introduced a one-time forever stamp in 2008 that cost 41 cents for first-class postage (one ounce or less), and it will be valid as first-class postage regardless of all future price increases. Let's say you decided to purchase 1,000 of these stamps for this one-time special rate. Assume 5% inflation and your personal MARR is 10% per year (im). Did you make a sound economical decision?

Reference no: EM131506744

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