If the inflation rate is 6 per year and a person wants to
If the inflation rate is 6% per year and a person wants to earn a true (real) interest rate of 10% per year, determine the number of “then-current” dollars he has to receive 10 years from now if the present investment is $10,000.
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if the inflation rate is 6 per year and a person wants to earn a true real interest rate of 10 per year determine the
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