document.write( "Question 1207431: Debbie plans to buy a house for cash instead of paying a mortgage. She is willing to set aside $12 OOO at the end of each year for 15 years. She invests the money in a high-risk mutual fund, which has traditionally earned 9.2% annually. Money decreases in value by 2.5% per annum. How much will Debbie have saved after 15 years?
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Algebra.Com's Answer #845297 by Theo(13342)\"\" \"About 
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she is willing to set aside 12000 at the end of each year for 15 years.
\n" ); document.write( "she invests this at 9.2% per year for 15 years.\r
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\n" ); document.write( "\n" ); document.write( "i think the way to solve this is to calculate it in today's dollars and then determine the value that it will be in tomorrow's dollars.\r
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\n" ); document.write( "\n" ); document.write( "using the texas instruments business analyst 2 calculator, i get the future value of 12000 dollar payments at the end of each year for 15 years at 9.2% interest rate per year to be equal to 357,917.2439.\r
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\n" ); document.write( "\n" ); document.write( "that's in today's dollars.\r
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\n" ); document.write( "\n" ); document.write( "in tomorrow's dollars, at an inflation rate of 2.5% per year, that would be equal to 357,917.2439 / 1.025^15 = 247129.5291.\r
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