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How much money was needed 15 years ago to have the purchasing power of $1000 today if the compound annual rate of what has been

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How much money was needed 15 years ago to have the purchasing power of $1000 today if the compound annual rate of what has been ..297 (Do not round the Intermediate calculations. Round your answer to the nearest cent.) Money $1072 6.4% (Do not round the intermediate calculations, Round your answer to the nearest cent) Money $ 1870

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