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Ten years ago Olivia bought an investment property for $ 1 0 0 , 0 0 0 . 0 0 . Over the 1 0

Ten years ago Olivia bought an investment property for $

100, 000.00 .

Over the

10 -

year period

inflation has held consistently at

3 %

annually. If Olivia expects a

14 \frac{%}{y}

real rate of return, what

would she sell the property for today?

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