What is the difference in purchasing power of your savings, Financial Management

What is the difference in purchasing power of your savings

Question

Use the calculators at Dinkytown.net to answer the following questions:

Investing $1,000 at 6 percent for five years, what is the difference in purchasing power of your savings if inflation increases by 2 percent annually during that time? By 4 percent?

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Financial Management: What is the difference in purchasing power of your savings

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Financial Management: What is the difference in purchasing power of your savings

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