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How much should you invest now to get

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Suppose that expected inflation will be 4.5% over next 5 yearls, 5.5% for the 3 years after that and 2.5% the following 5 years. If you want to accumulate $29,000 at the end of this period, how much should you invest now to get a 10% real rate of return?

Reference no: EM132504727

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