A trust was set up by your grandfather that states you are to receive $250,000 exactly 5

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A trust was set up by your grandfather that states you are to receive $250,000 exactly 5 years from today. Determine the buying power of the $250,000 in terms of today's dollars if the market interest rate is 10% per year and the inflation rate is 4% per year.

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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