Today, the price of a gallon of milk is $4.25. Assuming the inflation rate is 4.5% per year, what will be the price of a gallon of milk 10 years from now?
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Accounting what will be the price of a gallon of milk 10 years from now?
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- General accountingIn 10 years from now, how many future dollars will have the same buying power as $24,000 today? The market interest rate is 10% per year and the inflation rate is 6% per year. The future amount is $If the inflation rate is expected to be 3% for the next 10 years, what annual income will be needed 10 years from now in order to have the same purchasing power as $25,000 today?
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