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Mdm. Sally Soh, aged 44, has a bond portfolio valued at $250,000. The estimated return on the bond portfolio is 6%. Assuming an inflation rate

Mdm. Sally Soh, aged 44, has a bond portfolio valued at $250,000. The estimated return on the bond portfolio is 6%. Assuming an inflation rate of 2.5%, what is the estimated future value of the bond portfolio when Sally retires at age 62?

$389,915

$457,526

$713,585

$464,372

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