What is the price tag for an item

Reference no: EM132168932

Question: Redo Example problem below assuming that the 15% interest rate is a market interest rate.

Problem: Assume inflation is 5% per year. What is the price tag in 6 years for an item that has a differential inflation rate of 4% that costs $400 today. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132168932

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