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Assume the real rate of interest is 2.00% and the inflation rate is 2.00%. What is the value today of receiving 12,534.00 in 14.00 years

Assume the real rate of interest is 2.00% and the inflation rate is 2.00%. What is the value today of receiving 12,534.00 in 14.00 years
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Assume the real rate of interest is 2.00% and the inflation rate is 2.00%. What is the value today of receiving 12,534.00 in 14.00 years

User Mikuszefski
by
8.6k points

1 Answer

11 votes

Answer:

$5000

Step-by-step explanation:

User ZephDavies
by
8.8k points
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