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katovenus [111]

2 years ago

10

If prices increase 3% each year for 10 years, then a jacket that costs $70 today will cost $94.07 in 10 years. What is the perce

ntage decrease in the buying power of currency over the 10-year period? (Round your answer to one decimal place.)

1 answer:

Novosadov [1.4K]2 years ago

3 0

Answer:

34.4%

Step-by-step explanation:

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