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Mr. Art Deco will pay you $100,000 a year from now. This is a nominal flow, discounted at a nominal discount rate of 8%: The

Mr. Art Deco will pay you $100,000 a year from now. This is a nominal flow, discounted at a nominal discount rate of 8%: The inflation rate is 4%. Calculate the PV of Mr. Deco's payment using the equi...

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