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Elise Incavo invests $6,000 today in the S&P500 Index that earns an average of 11 percent per year (compounded annually) for 45 years. The average

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Elise Incavo invests $6,000 today in the S\&P500 Index that earns an average of 11 percent per year (compounded annually) for 45 years. The average inflation rate is expected to be 2.2 percent per year. She will have much more than $6,000 in 45 years BUT what would this future amount be if expressed in today's dollars? a. $657,181 b. $246,828 PV00,00 c. $266,963 d $645,345 e. $245,987

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