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Predictions and Prophecies
What would be the future value of 4000 after inflation of 3% for 10 years?
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<blockquote data-quote="Atomic_Torah" data-source="post: 1690641" data-attributes="member: 636851"><p>That doesn't make any sense. Inflation causes the value of money to go down, not up.</p><p></p><p>If 4000 dollars buys 4000 loaves of bread today, after ten years of 3 percent inflation, it will buy only about 2976 loaves of bread, so that means that the 4000 dollars has lost about a quarter of its value.</p></blockquote><p></p>
[QUOTE="Atomic_Torah, post: 1690641, member: 636851"] That doesn't make any sense. Inflation causes the value of money to go down, not up. If 4000 dollars buys 4000 loaves of bread today, after ten years of 3 percent inflation, it will buy only about 2976 loaves of bread, so that means that the 4000 dollars has lost about a quarter of its value. [/QUOTE]
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