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Could really use some help here 22. Leslie invests $25,000 today in an investment that earns 8% per year (compounded annually) for 30 years. The
Could really use some help here
22. Leslie invests $25,000 today in an investment that earns 8% per year (compounded annually) for 30 years. The average inflation rate is expected to be 3.25% per year. She will have much more than $25,000 in 30 years BUT what would this future amount be if expressed in today's dollars? a. $100,591 b. $96,372 c. $99,844 25000+(1+.08)30 d. $251,566 e. $116,523Step by Step Solution
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