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One of our presidential candidates is wealthy largely because his/her father was wealthy. Assume that he/she inherited $50 million in 1975 (exactly 40 years ago) and invested his inheritance in a mutual fund that tracks the S&P 500 index. If the S&P 500 index increased at an average annual rate of 14%, how much should he/she be worth today?

Reference no: EM131210627

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