If $1000 is invested now, the number of future dollars required 10 years from now to earn

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If $1000 is invested now, the number of future dollars required 10 years from now to earn a real interest rate of 6% per year, when the inflation rate is 4% per year, is closest to:
(a) $1480
(b) $1790
(c) $2650
(d) Over $2700

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:27 AM

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If $1000 is invested now, the number of future dollars required 10 years from now to earn

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Formula A P 1R n Where A The number of future doll...View the full answer

Engineering economy

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