Quote:
Originally Posted by Otis
Nice try. But if the price was artificially high in the first place, then you're really gaining no benefit from an equally artificial 3% price drop. Imagine if they would have said that 20 years ago?
"Yeah, we're charging you 20 bucks for a CD now, but just think, in 20 years prices will be closer to where they should be due to inflation".
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Your actually dead wrong. but here are somethings that you are making assumptions on...assuming that the price has never changed b/c the average price of a cd in the us is about $15.85
with that being said at 3% inflation a year which is a norm average over time. todays price should be $32.22
what that means is that with no price change they have effectively been able to reduce the price by 50.8% over the past 24 years.