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December 22, 2014

Homework Help: Finance

Posted by Barry on Friday, November 7, 2008 at 10:40am.

I dont have a formula for this question:

Purchasing Power= 1280.08 (Nov.1/07)
Purchasing Power= 1000.00 (Nov.1/97)

What is the annual rate of inflation?

I think it can be solved 1280.08/1000 -1 but Im not sure??

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