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It is now 2040 and you have saved $290,000 since you started saving in 2017. During the same period inflation averaged 3 percent. What would

It is now 2040 and you have saved $290,000 since you started saving in 2017. During the same period inflation averaged 3 percent. What would your $250,000 be worth in 2017 dollars?

a.

$146,941

b.

$144,002

c.

$149,879

d.

$493,397

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