[Solved] #14 Assume the real rate of interest is 2

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#14 Assume the real rate of interest is 2.00% and the inflation rate is 6.00%. What is the value today of receiving 11,070.00 in 12.00

#14 Assume the real rate of interest is 2.00% and the inflation rate is 6.00%. What is the value today of receiving 11,070.00 in 12.00 years? Submit Answer format: Currency: Round to: 2 decimal places

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