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For a present sum of $840,000, determine the annual worth (in then-current dollars) in years 1 through 7 if the market interest rate is 12%
For a present sum of $840,000, determine the annual worth (in then-current dollars) in years 1 through 7 if the market interest rate is 12% per year and the inflation rate is 5% per year. The annual worth is $___
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