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Business, 13.06.2020 22:57 kieante01

If inflation in the U. S. is projected at 3% annually for the next 5years and at 7% annually in Turkey for the same time period, and Lira/Dollar spot rate (L/$) is currently equal to 5.6702 then the exact relative PPP value of the spot rate (L/$) five years from now is given by:

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