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4. Inflation is an enduring part of life and is actually necessary for a healthy economy. In the last chapter, retirement planning was used as
4. Inflation is an enduring part of life and is actually necessary for a healthy economy. In the last chapter, retirement planning was used as an example to demonstrate the usefulness of understanding the time value of money. Given a lifetime of inflation, wouldnt the real rate of interest be more appropriate than any other rate in planning for the future? Why or why not?
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