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at an (actual) annual inflation rate of 3.2%, how much will a 46cents postage stamp in 2013 cost in the year 2026?

 Jun 8, 2016
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at an (actual) annual inflation rate of 3.2%, how much will a 46cents postage stamp in 2013 cost in the year 2026?

 

2026 - 2013=13 years

FV=PV[1+R]^N

FV=46 x 1.032^13

FV=46 x  1.5060384

FV=69.28 or 69 cents (rounded)

 Jun 8, 2016

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