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If general inflation rate is 3% and Market interest rate is 4%. What is the inflation-free interest? There is a series of five constant dollar
If general inflation rate is 3% and Market interest rate is 4%. What is the inflation-free interest? There is a series of five constant dollar (or real-dollar) payments, beginning with $25,000 EOY1, and increasing at the rate of 2% per year. Use the inflation-free interest in (i) calculate the equivalent present worth of the serious
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