Assume the inflation rate in canada to be 5 percent per, Finance Basics

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Assume the inflation rate in canada to be 5 percent per

Question: Assume the inflation rate in Canada to be 5 percent per year for the indefinite future.

(a) How much would a Canadian dollar, at the end of 10 years, be worth in terms of today's dollar?

(b) How much at the end of 30 years?

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Finance Basics: Assume the inflation rate in canada to be 5 percent per

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Finance Basics: Assume the inflation rate in canada to be 5 percent per

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