# question of time value calculation

I need help to answer this question what should I consider when answering it?

The question was Suppose that a family's money income remains constant at $40,000 and that the price level increases 10 percent per year. How many tears will it take for the family's real income to be cut in half?

https://brainmass.com/economics/price-levels/question-time-value-calculation-61822

#### Solution Summary

A question of time value calculation is presented.

$2.19