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    question of time value calculation

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    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?

    © BrainMass Inc. brainmass.com October 9, 2019, 5:35 pm ad1c9bdddf
    https://brainmass.com/economics/price-levels/question-time-value-calculation-61822

    Solution Summary

    A question of time value calculation is presented.

    $2.19