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Assume a person saves diligently in some long-term savings

Assume a person saves diligently in some long-term savings plan for 50 years and retires with $800,000 in his or her retirement account. How much purchasing power would that amount have in today's dollars if the annual inflation rate averaged about 2.5% over those same 50 years?

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Mathematics: Assume a person saves diligently in some long-term savings

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