Find value in todays dollars of what your account grows to, Microeconomics

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Find value in todays dollars of what your account grows to

Problem

Suppose you deposit $3,250 per year into a Roth IRA, increasing your deposits by 3% each year to match the rate of inflation. You keep this up for 30 years. Your account earns 10% and the inflation rate is 3%. Working in today's dollars, find the value in today's dollars of what your account grows to.

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Microeconomics: Find value in todays dollars of what your account grows to

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Microeconomics: Find value in todays dollars of what your account grows to

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