An investment of 10000 in 1993 earned a market interest


An investment of $10,000 in 1993 earned a market interest rate of 6% for 10 years. The average inflation rate during that time was 3%. What was the value of that investment at the end of the 10 year period in 1993 dollars?

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Econometrics: An investment of 10000 in 1993 earned a market interest
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