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Assume the real rate of interest is 3.00% and the inflation rate is 5.00%. What is the value today of receiving 12,440.00 in 7.00 years?

Assume the real rate of interest is 3.00% and the inflation rate is 5.00%. What is the value today of receiving 12,440.00 in 7.00 years? Submit Answer format: Currency: Round to: 2 decimal places

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