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If an item in Argentina now costs 5,000 pesos, what do you expect it to cost 7 years from now? (Answer to the nearest peso.) The inflation rate is 9.2%

If an item in Argentina now costs 5,000 pesos, what do you expect it to cost 7 years from now? (Answer to the nearest peso.) The inflation rate is 9.2%
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If an item in Argentina now costs 5,000 pesos, what do you expect it to cost 7 years from now? (Answer to the nearest peso.) The inflation rate is 9.2%

User Erickson
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1 Answer

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OUCH! 9.2% inflation :)

F=5000(1.092)^7

F=9258.24
User Daniel Galasko
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