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29.) The real cash flow occurring in year 2 is $60,000. If the inflation rate is 5 percent per year and the real rate of

29.)

The real cash flow occurring in year 2 is $60,000. If the inflation rate is 5 percent per year and the real rate of interest is 2 percent per year, calculate the nominal cash flow for year 2.

$66,150

$63,654

$63,000

$60,000

$62,424

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