Multiple Choice
In 2010, you make an investment that will grow to $50,000 in 2020. The CPI in 2010 is 218.1 and you guess that the CPI in 2020 will be 270.0. In 2020, approximately how much will your investment be worth in 2010 dollars?
A) $40,389
B) $50,000
C) $61,898
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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