4. The average inflation rate in Canada is 3% per year. It means that purchasing power of $1 decreases in one year to $0

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4. The average inflation rate in Canada is 3% per year. It means that purchasing power of $1 decreases in one year to $0

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4. The average inflation rate in Canada is 3% per year. It meansthat purchasing power of $1 decreases in one year to $0.97 and in nyears – to 0.97n Calculate this decrease in time period of 10years
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