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To determine how much $8,000 from 40 years ago is worth in today's money, we can use the average inflation rate. Over the past four decades, the cumulative inflation rate in the U.S. has been approximately 150-200%. This means that $8,000 in 1983 would be equivalent to roughly $20,000 to $24,000 today, depending on the exact inflation rate used. For a more precise value, one could use specific inflation calculators available online.

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3w ago

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