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Mr. Pre low borrows $20,000 at 9%, compounded monthly over 5 years. This 996 represents the market interest rate. Using CASE 2 at an inflation

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Mr. Pre low borrows $20,000 at 9%, compounded monthly over 5 years. This 996 represents the market interest rate. Using CASE 2 at an inflation rate of 0.5% per year, what is the future worth by reducing the market interest rate to a real interest rate? (10pts) 4

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