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You deposited $10,000 today into a saving account for 5 years with a market rate of 8% per year. The expected inflation rate for the
You deposited $10,000 today into a saving account for 5 years with a market rate of 8% per year. The expected inflation rate for the next 5 years is 2% per year. The purchasing power of the amount of money accumulated in this account 5 years from now is equivalent to the purchasing power of how much money today?
Group of answer choices
12,484
10,980
14,028
13,308
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