Canada's government savings bonds pay 3% annual real rate of return compounded daily. Professor John Jones invests $40 bi-weekly as a part of his University payroll program. If the inflation rate is assumed to be 2% per year over the next 10 years, what is the purchasing power of the professor's bonds 10 years from now?

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The Answer of Canada's government savings bonds pay 3% annual real rate of return compounded daily. Professor John Jones invests $40 bi-weekly as a part of his University payroll program. If the inflation rate is assumed to be 2% per year over the next 10 years, what is the purchasing power of the professor's bonds 10 years from now?

Canada's Government Savings Bonds Pay 3% Annual Real Rate of Return