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Equipment that costs $15,000 and generates a $5,000 annual return would appear to pay back on the investment in 3 years. If economists expect inflation
Equipment that costs $15,000 and generates a $5,000 annual return would appear to "pay back" on the investment in 3 years. If economists expect inflation to rise 30 percent annually, what will be the estimated return value at the end of the first year?
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