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Given that inflation in the U.S. is projected at 2% annually for the next 5...

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Finance

Given that inflation in the U.S. is projected at 2% annually for the next 5 years and at 8% annually in India for the same time period, and Rupee/Dollar spot rate (R/$) is currently equal to 73.2115, obtain the exact relative PPP value of the spot rate (R/$) five years from now.

55.0125

97.4310

69.1442

77.5181

79.4310

Answer & Explanation Solved by verified expert
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