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You would like to purchase a vacation home in 10 years. The current price of such a home is $300,000 but the price of these

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You would like to purchase a vacation home in 10 years. The current price of such a home is $300,000 but the price of these types of homes is rising at a rate of 2% per year. How much would you have to invest today in nominal terms to exactly pay for the vacation home if your investments earn5% APR (compounded annually) in nominal terms? $184,174 $365,698 $224,507 $232,589

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