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How much would you expect an item to cost (in then dollars) 10 years from now if its present cost is $5000 and you think
How much would you expect an item to cost (in then dollars) 10 years from now if its present cost is $5000 and you think its cost will increase by exactly the same rate as inflation. Assume the inflation rate will be 3%/yr for the first 4 years and 5% per year for the next 6. The adjusted-for-inflation interest rate is 10%/yr, compounded annually.
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