If $43,000 is invested now, which of the following value is closest to the equivalent future dollars 6 years from now to earn a real interest rate of 3% per year when the inflation rate is 6% per year? Select one: O a. 51,344 b. 72,833 c. 66,709 d. 79,519 е. 60,996

If $43,000 is invested now, which of the following value is closest to the equivalent future dollars 6 years from now to earn a real interest rate of 3% per year when the inflation rate is 6% per year? Select one: O a. 51,344 b. 72,833 c. 66,709 d. 79,519 е. 60,996

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 2QTD

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Question

If $43,000 is invested now, which of the following value is closest to the equivalent future dollars 6 years from now to earn a
real interest rate of 3% per year when the inflation rate is 6% per year?
Select one:
а. 51,344
b. 72,833
c. 66,709
d. 79,519
е. 60,996

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