Calculate the purchasing power of $80,000 in 15 years using an annual inflation rate of 6%. Round to the nearest cent. $42,105.26 $32,743.68 $32,958.94 $32,598.59 $33,381.20

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Calculate the purchasing power of $80,000 in 15 years using an annual inflation rate of 6%.  Round to the nearest cent.

   

$42,105.26

   

$32,743.68

   

$32,958.94

   

$32,598.59

   

$33,381.20

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