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D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by
D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by - 1 pt.): [ 4 pts. ] If S29,000 is invested now, which of the following value is closest to the equivalent future dollars 6 years from now to earn a real interest rate of 4% per year, when the inflation rate is 1% per year? Select one: a. 23,371 b. 19,476 O c. 38,952 d. 44,795
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