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Mindy invests 10,000 for 10 years at a nominal rate of interest of 8%. The rate of inflation is 5% over the 10 year
Mindy invests 10,000 for 10 years at a nominal rate of interest of 8%. The rate of inflation is 5% over the 10 year period. Calculate the value at the end of 10 years of Mindy's investment in today's dollars.
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