Actual dollars and real dollars in his portfolio

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Jim decides to “invest” in his backyard by burying $500. If he buries this money in 1944 and the average inflation rate is 3%, what is the purchasing power in 1979? How about 2014? If he had invested in the stock market which paid an average of 10%, what would be the actual dollars and real dollars in his portfolio?

Reference no: EM131174328

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