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You just made an investment in an insurance policy that is guaranteed to pay you $1.6 million 20 years from now provided you live that

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You just made an investment in an insurance policy that is guaranteed to pay you $1.6 million 20 years from now provided you live that long. What will be the purchasing power of that amount with respect to today's dollars if the market interest rate is 8% per year and the inflation rate stays at 5.7% per year over the 20-year period? The purchasing power of this amount is $

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