Suppose that inflation rate is 8 annually and real interest


Suppose that inflation rate is 8% annually and real interest rate is 1.85% annually. If we are planning to have an amount of money at the end of fifth year which has the same purchasing power as $1361.17 today, how much money we need to deposit each year in actual dollars for 5 years?

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Business Economics: Suppose that inflation rate is 8 annually and real interest
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