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Mr. X invests $1,000 at a 10% nominal rate for one year. If the inflation rate is 4%, what is the real value of the

Mr. X invests $1,000 at a 10% nominal rate for one year. If the inflation rate is 4%, what is the real value of the investment at the end of one year?

$1,058

$1,040

$1,000

$1,100

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