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For a present sum of $700,000, determine the annual worth (in then-current dollars) in years 1 through 4 if the market interest rate is 8%

For a present sum of $700,000, determine the annual worth (in then-current dollars) in years 1 through 4 if the market interest rate is 8% per year and the inflation rate is 6% per year.

The annual worth is $.

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