Question Number 5 You will deposit money into a bank account according to the following schedule: Today 4 year from today 6 years from today 8 years from today 12 years from today $182,000 $78,000 $136,000 $115,000 $94,000 After 12 years from today, what will be the purchasing power of the money in your bank account, expressed in today's dollars?. You bank pays interest at 7.000% per year, compounded annually. Inflation is expected to be 4.520% per year.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Question Number 5
You will deposit money into a bank account according to the following schedule:
Today
4 year from today
6 years from today
8 years from today
12 years from today
$182,000
$78,000
$136,000
$115,000
$94,000
After 12 years from today, what will be the purchasing power of the money in
your bank account, expressed in today's dollars?. You bank pays interest at 7.000%
per year, compounded annually. Inflation is expected to be 4.520% per year.
Transcribed Image Text:Question Number 5 You will deposit money into a bank account according to the following schedule: Today 4 year from today 6 years from today 8 years from today 12 years from today $182,000 $78,000 $136,000 $115,000 $94,000 After 12 years from today, what will be the purchasing power of the money in your bank account, expressed in today's dollars?. You bank pays interest at 7.000% per year, compounded annually. Inflation is expected to be 4.520% per year.
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