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A mutual fund investment is expected to earn 1 2 % per year for the next 2 4 years. If inflation will average 4 %

A mutual fund investment is expected to earn 12% per year for the next 24 years. If inflation will average 4% per year during this 24-year period of time, what is the compounded value (in today's dollars) of this savings vehicle when $9,000 is invested now?
?5 Click the icon to view the interest and annuity table for discrete compounding when i=4% per year.
The compounded value (in today's dollars) of this savings vehicle is $
.(Round to the nearest dollar.)
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