How much will be the amount of an identical machine

Reference no: EM132821769

Question 1.) suppose your annual salary today is Php 500,000. How much will be the equivalent salary in 10 years from now if the annual inflation rate is 6%

Question 2.) A machine costs Php 200,000 today. The inflation rate is 8% per year. How much will be the amount of an identical machine eight years from now?

Reference no: EM132821769

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