What happens to the investment with annual inflation

Reference no: EM13192713

If I invested 10,000 in a fund paying 0.2% annual fees and added $100.00 per month for 40 years, receiving 10.4% annual returns what happens to the investment with 3.43% annual inflation? What is the value in terms of today's dollars?

Here's what i figured the interest rate to be: 10.4%-0.2%-3.43% = 6.77% over the 40 years. Now i m confused on the term todays dollars?

Reference no: EM13192713

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