A mutual fund investment is expected to earn 8 per year for


A mutual fund investment is expected to earn 8% per year for the next 25 years. If inflation will average 4% per year during this 25-year period of time, what is the compounded value (in today's dollars) of this savings vehicle when $9,000 is invested now?

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Financial Management: A mutual fund investment is expected to earn 8 per year for
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