Solved: Twenty years later 2002 this account had increased to 265, Macroeconomics

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Twenty years later 2002 this account had increased to 265

The value of $100 in 1982 is the base; $100.

In 1982 you put $100 in a savings account that paid you 5% interest annually, which was reinvested.

Twenty years later, 2002, this account had increased to $265. However, the CPI increased to 186. What would be the value (purchasing power) of $265 in 2002?

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Macroeconomics: Twenty years later 2002 this account had increased to 265

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Macroeconomics: Twenty years later 2002 this account had increased to 265

Reference No:- TGS0664582

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