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Alias Born 01/15/2020

Re: ls7550 post# 44207

Monday, 02/24/2020 10:21:30 PM

Monday, February 24, 2020 10:21:30 PM

Post# of 47132
Clive, you are welcome to butt in any time. :)

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?

Vitali

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