To determine the value of $5,000 in 1985 in today's dollars, you need to account for inflation. Using the average inflation rate of about 2.5% over the years, $5,000 in 1985 would be roughly equivalent to around $12,000 to $13,000 today. However, the exact amount can vary based on the specific inflation index used. For precise calculations, it's advisable to use an inflation calculator or the Consumer Price Index (CPI) for the most accurate figure.
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