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10 cards from this deck
Assets increasing in value over time
Rise in prices of goods and services over time
Compound growth
FV=PV(1+r)nFV = PV(1 + r)^nFV=PV(1+r)n
Future value
Present value
Rate per period (as decimal)
Number of time periods
2% to 3% per annum
Inflation by tracking fixed basket of goods prices
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