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Rearranging our equation for FV with compounded interest, we find that PV=FV/(1+r) t What was Kevins $1,592,000, 40 years from now, worth in todays dollars

  1. Rearranging our equation for FV with compounded interest, we find that

PV=FV/(1+r)t

What was Kevins $1,592,000, 40 years from now, worth in todays dollars (hint: inflation = r = 4%)

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