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You need $25,000 in today's buying power, 5 years from now. You can earn 2% APR in real terms on your investments. How much must
You need $25,000 in today's buying power, 5 years from now. You can earn 2% APR in real terms on your investments. How much must you invest (a different amount each year), starting next year for 4 years to just meet your needs, if you expect inflation to be 4% per year? The amount you invest should just maintain the real cash values.
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