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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: Show all workings.

$6,650

$21,460

$15,040

$14,090

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147809

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