How much will this person have

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Reference no: EM132845353

Question - A person who retires with great tranquility, 30 years from now (360 months). She invested $1,000,000 today and will invest another $5,000 a month over the course of 30 years in na application that yields 1% a.m. With this information please answer.

A) How much will this person have in 30 years?

B) Suppose the annual inflation is that of the table below. How much will this person have in 30 years, in purchasing power?

Reference no: EM132845353

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