Thank you for your thoughts and advice. I was confused about your math though.
Quote:
"If for instance you are performing monthly checks and inflation is running at 2%/year then for monthly ... 1.02^(1/12) = increase (multiply) PC by 1.0016515813 each month."
I'm not very strong in math. Can you please demonstrate how to do this equation on a simple calculator?
If the inflation is 2%, where did 1.02 come from? And what does it represent?
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