Alexus M.

asked • 05/19/19

How much will $100 buy you in 20 years? (Help pls.)

Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "In my day, you could buy a cup of coffee for a nickel"). Suppose inflation decreases the value of money by 3% each year. In other words, if you have $1 this year, next year it will only buy you $0.97 worth of stuff. How much will $100 buy you in 20 years?

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