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A)Assume the real rate of interest is 4.00% and the inflation rate is 3.00%. What is the value today of receiving 14,062.00 in 9.00 years?
A)Assume the real rate of interest is 4.00% and the inflation rate is 3.00%. What is the value today of receiving 14,062.00 in 9.00 years?
B) Suppose you deposit $1,031.00 into an account 7.00 years from today that earns 11.00%. It will be worth $1,769.00 _____ years from today.
Answer format: Currency: Round to: 3 decimal places.
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