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Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,100 in one year. The appropriate interest rate is

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Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,100 in one year. The appropriate interest rate is 14% Attempt 1/5 for 10 pts. Part 1 You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,100 promised for next year? No decimals Submit

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