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Problem:

Given that nominal interest rates are 8% and the inflation rate is 3%, about how much do you need to invest today to have the equivalent of $100,000 in 2010 dollars left over in 40 years? (There may be some rounding here.)

Note: Please provide full description.

$6,650

$21,460

$15,040

$14,090

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91147802

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