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31 January, 01:47

If a dozen eggs cost $3.50 now, they'll cost how much in 25 years based on inflation

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  1. 31 January, 01:54
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    Based on the average inflation rate of 3.22%, the new price of a dozen eggs after 25 years follows the equation: F = P (1+r) ^t, where F = future value, P = present value, r = rate of inflation, and t = time in years

    F = ($3.50) (1.0322) ^25 = $7.73
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