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Question - Someone calculated the future worth of his investment in term of today's dollars. The obtained result was 945, 895. The life of the investment is expected to be 20 years. The average annual inflation rate along this period is 7%. If it is known that the investor earns 14% per year from this investment, what is the first cost of the investment?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M93118741

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