Question

Engineering economics

#7 & 8

The cost to mail a 1-ounce letter was 15 cents in 1980 and 42 cents in 2008. What was the differential rate of inflation for postage? 7. A deposit of$1,000 is made in a bank account that pays 24% interest per year compounded quarterly. How much money will be in the account after 10 years? 8.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

in 1950 cost to mai a t-ounce letter was 15 cents in 200 2 Cent. o.ffeγential rat e of inflation fo r postage = 42-15. 1 5 =

Add a comment
Know the answer?
Add Answer to:
Engineering economics #7 & 8 The cost to mail a 1-ounce letter was 15 cents in...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT