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12. Joe invests $5,000 in an account paying an interest rate of 8% per year. Annual inflation rate is predicted to be 4% for the

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12. Joe invests $5,000 in an account paying an interest rate of 8% per year. Annual inflation rate is predicted to be 4% for the foreseeable future. Which of the following is closest to the present time 0) dollar value of the amount in Joe's account in 10 years? a) $7,000 b) $8,000 c) $9,000 d) $10,000

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