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Assume you save 56000 each year starting this year until your planned retirement 40 years from now. The buying power of the money in terms

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Assume you save 56000 each year starting this year until your planned retirement 40 years from now. The buying power of the money in terms of today's dollars at the market interest rate of 10% per year and inflation rate of 5per year is closest to: (a) $377,200 (b) $605,350 (0) $1,318,150 (d) $2,655,550

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