Question
A man has saved 800,000 for his retirement. He will invest his savings in a fund that returns 7.15% annually for 5 years. If inflation
A man has saved 800,000 for his retirement.
He will invest his savings in a fund that returns 7.15% annually for 5 years. If inflation is anticipated to be 2.45% per year, how much is his retirement savings worth after 5 years in today's dollars?
Find the Accumulated value in today's dollars
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
2nd Edition
1567931650, 978-1567931655
