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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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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