Let's say you have $100,000 today and can invest to become a millionaire 15 years from now.
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Let's say you have $100,000 today and can invest to become a millionaire 15 years from now. If the average inflation rate will be 5% per year for the first seven years and 8% per year for the last eight years, what is the current purchasing power equivalent of that $1,000,000?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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