Given that nominal interest rates are 8% and the inflation rate is 3%, about how...
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Accounting
Given that nominal interest rates are 8% and the inflation rate is 3%, about how much do you need to invest today to have the equivalent of $100,000 in 2010 dollars left over in 40 years? (There may be some rounding here.)
$6,650
$21,460
$15,040
$14,090
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