Question: Calculate the future equivalent in Year 15 of: (a) Dollars having today's purchasing power. (b) Then-current purchasing power dollars, of $10,000 today. Use a market
Calculate the future equivalent in Year 15 of:
(a) Dollars having today's purchasing power.
(b) Then-current purchasing power dollars, of $10,000 today. Use a market interest rate of 15% and an inflation rate of 8%.
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