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Justin invests $10,000 per month for five years at 6.00% annual effective with the first payment made immediately. He used the accumulated value of
Justin invests $10,000 per month for five years at 6.00% annual effective with the first payment made immediately. He used the accumulated value of the investment to purchase a house. If inflation is 3% per year, what is the current value of the house he would purchase assuming houses appreciate at the inflation rate?
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