You decide to invest $20,000 today in your favorite video game company stock. the stock is expected to grow at a rate of 10% per year for 20 years. when you sell the stock in 20 years, how much will it be worth in terms of today's spending power (assume a 4% rate of inflation). (you want to know how many rib eye steaks you will be able to buy in 20 years when you sell the stock. : -) )

purchase power: 61,406.86

Explanation:

The stock will grow at 10%

and there is 4% inflation wich erodes the purchase power in the future.

Future value of the stocks:

Amount134,550.00

Now, we will adjust for inflation of 4% over a period of 20 years:

Nominal: 134,550.00

time   20 years

inflation     0.04

PV   61,406.86

Purhcase power of the stock 20 years from now at expected grow rate of 10% and 4% inflation: 61,406.86

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.