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Impact of Inflation

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An item that currently costs $ in years with inflation of % will cost $ .
Even at relatively low rates of inflation, the cost of goods and services can rise dramatically over time.

For example, assuming 4% inflation, the value of $1 would be cut every 18 years. That means if you are currently 30 years old, prices will have quadrupled by the time you reach retirement age (assuming 4% annual inflation).
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