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Assume the real rate of interest is 4.00% and the inflation rate is 5.00%. What is the value today of receiving 11,418.00 in 9.00 years?

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Assume the real rate of interest is 4.00% and the inflation rate is 5.00%. What is the value today of receiving 11,418.00 in 9.00 years? Submit Answer format: Currency: Round to: 2 decimal places

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