The amount of money that would be accumulated now from an investment of $1000 25 years ago

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The amount of money that would be accumulated now from an investment of $1000 25 years ago at a market rate of 5% per year and an inflation rate averaging 2% per year over that time period is closest to:
(a) $1640
(b) $3385
(c) $5430
(d) Over $5500

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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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The amount of money that would be accumulated now from an investment of $1000 25 years ago

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Engineering economy

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