Posts tagged ‘calculator’

Question about inflation.?

Okay, I'm trying to make it less possible confusion. So I plugged in a converter Currency (http://data.bls.gov/cgi-bin/cpicalc.pl) 5 51.81 years ago has the same purchasing power as 60.01 today. Suffice it to say for example and inflation over the last 5 years reiterates his car. My student loans after school is $ 60 per month. They return to repay within 5 years, see I put in my head, it will be like paying 51 today dollarsish?

It's the great thing about inflation. Those who take the love of money inflation, because you can repay your debt in dollars inflated. Those who lend money hate inflation and trying to hedge against it with interest rates.