If you file for Chapter 7 or 11, it will remain on your credit report for up to 10 years. If you file for Chapter 13, it may stay on your report for up to seven years. A Chapter 11 bankruptcy will stay on the business's credit report, not the individual owner's, unless they file a personal bankruptcy.
Answer:Purchasing power in todayâs dollars = $289,287/1.02536 = $118,924. 4) You plan to save $7,000 each of the next 40 years, and invest that money in an account that pays 9% annual interest. In addition, you plan to pay for your childâs college education beginning in 20 years.
Purchasing Power. Purchasing power involves the connection between a dollar and the amount of or quality of the goods or services a consumer can purchase. As inflation constantly changes the value of a dollar, the purchasing power of the dollar goes up or down depending on whether inflation rises or falls. The price of average goods and services purchased by consumers changes from month to month. These tracked changes make up the Consumer Price Index.