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At a time when the inflation rate is 8% per year, $100,000 (future dollars) 15 years from now is equivalent to how many of today’s constant-value dollars?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...

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At a time when the inflation rate is 8% per year, $100,000 (future dollars) 15 years from now is equivalent to how many of today’s constant-value dollars?

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