Knajajackson3489 Knajajackson3489

26-04-2024
Business

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A person just turned 21 years old. If inflation is expected to average 2.4% per year for the next 44 years, how much will $1 today be worth when this person retires at age 65?
a) Less than $1
b) Exactly $1
c) More than $1
d) Cannot be determined

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