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OpenStudy (anonymous):
Because of inflation, money is depreciating in real value. If the rate of inflation is 8% a year, what is the current real value, to the nearest dollar, from the preceding problem above? After 19 years, did the father and son have more or less money, as measured by current real value, than they did at the son's birth?
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OpenStudy (anonymous):
is there anyone that knows how to do this?
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