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Suppose that you would like to go on a trip in 5 years with current cost of 35,000 SEK. Assuming that you will need the

Suppose that you would like to go on a trip in 5 years with current cost of 35,000 SEK. Assuming that you will need the same purchasing power in 5 years, how much money do you need to put in a bank account today if you are promised an annual nominal interest rate of 7% and the inflation is expected to be 1% annually? Assume that the tax rate is 30 %.

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