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10 cards from this deck
When assets increase in value over time
FV=PV(1+r)nFV = PV(1 + r)^nFV=PV(1+r)n
Future value of the item
Present value of the item
Rate per period (as decimal)
Number of compounding time periods
When cost of goods and services rises over time
Consumer Price Index (CPI)
2% to 3%
Spending power decreases
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