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Posted on May 19, 2024

If the inflation rate is 8 % per year and you want to earn a real return of 1 0 % per year, how many

If the inflation rate is

8 %

per year and you want to earn a real return of

10 %

per year, how many future dollars must you receive

10

years from now for an investment of $

14, 000

today?

The future dollars to be received

10

years from now is $

.

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