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Consistent Ragnar has been thinking about retirement since an early age and invests $10,000 per year from ages 25 to 60 earning an average of
Consistent Ragnar has been thinking about retirement since an early age and invests $10,000 per year from ages 25 to 60 earning an average of 10% in interest per year. If the average rate of inflation is 3% per year, how much in future wealth will Consistent Ragnar lose (Hint: the difference in future values)?
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