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QUESTION
Inflation is a consistent 5% each year. If you put $2,000 under your mattress, in how many years will it have lost at least two-fifths of its original value? Round your answer to the nearest 0.1 year.
Inflation is a consistent 5% each year. If you put $2,000 under your mattress, in how many years will it have lost at least two-fifths of its original value? Round your answer to the nearest 0.1 year.
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