Assume the inflation rate is 4% per year and the market interest rate is 5% above the
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Assume the inflation rate is 4% per year and the market interest rate is 5% above the inflation rate. Determine
(a) The number of constant-value dollars 5 years in the future that is equivalent to $30,000 now
(b) The number of future dollars that will be equivalent to $30,000 now.
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a Constantvalue dollars have to increa...View the full answer
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