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Assume the real rate of interest is 4.00% and the inflation rate is 4.00%. What is the value today of receiving 11,740.00 in 8.00 years?

Assume the real rate of interest is 4.00% and the inflation rate is 4.00%. What is the value today of receiving 11,740.00 in 8.00 years? Currency: Round to: 2 decimal places.

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