1. Today, a new release movie ticket costs $8.00. If the average annual inflation rate is 2.5%, who much will the ticket cost when you retire 40 years from now? I/Y PV PMT FV

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1. Today, a new release movie ticket costs $8.00. If the average annual inflation rate is 2.5%, who much
will the ticket cost when you retire 40 years from now?
I/Y
PV
PMT
FV
Transcribed Image Text:1. Today, a new release movie ticket costs $8.00. If the average annual inflation rate is 2.5%, who much will the ticket cost when you retire 40 years from now? I/Y PV PMT FV
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