How many future dollars 10 years from now will have the same buying power as $10,000 today?

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How many future dollars 10 years from now will have the same buying power as $10,000 today? The market interest rate is 12% per year and the inflation rate is 7% per year.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 26, 2018 06:30 AM

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How many future dollars 10 years from now will have the same buying power as $10,000 today?

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Engineering Economy

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