If you make an investment in an insurance policy that is guaranteed to pay you $1.8 million
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If you make an investment in an insurance policy that is guaranteed to pay you $1.8 million 20 years from now, provided you live that long, what will be the buying power of the money with respect to today’s dollars? The market interest rate is 8% per year and the inflation rate stays at 3.8% per year.
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Related Book For 
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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