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Inflation represents a rise in prices over time - and that means your dollars won't buy as much in the future. As an example, assume
Inflation represents a rise in prices over time - and that means your dollars won't buy as much in the future. As an example, assume that the average annual inflation rate is 2%. Your family currently has an annual living expense of $75,000. How much money will you need in 20 years to have the equivalent lifestyle that costs $75,000 today? (End of Period) O A. $75,000 OB. $50,473 O C. $111,446 OD. $1,530,000
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