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10 questions from this quiz
When assets increase in value over time
Changing prices of a basket of goods
2% to 3%
It decreases - same money buys less
FV=PV(1+r)nFV = PV(1 + r)^nFV=PV(1+r)n
Rate as a decimal
0.05
216,000 USD
515 USD
Growth compounds on the new higher value
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