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Inflation is expected to average 6.6% per year for the next 43 years. How much will $125 today be worth 43 years from now? Note:
Inflation is expected to average 6.6% per year for the next 43 years. How much will $125 today be worth 43 years from now? Note: Answer is in dollars and cents (to two decimal points). Selected Answer: 133.25 Correct Answer: 8.000.01 Your grandmother decides to give you an end-of-the-year gift for the next 11 years. The gift amount at the end of the first year will be $3103. Each successive year, the amount will be increased by 4% to keep up with inflation. With a real interest rate of 4% per year, what is the current PW of these gifts, in dollars and cents? Selected Answer: [None Given] Correct Answer: 27,183.761%
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