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Old man Robert has been complaining about how the price of pencils just aren't what they were 10 years ago. They went from 10 cents

Old man Robert has been complaining about how the price of pencils just aren't what they were 10 years ago. They went from 10 cents to $1.29! If the inflation rate is 2%, what is the real value of pencils today? Group of answer choices

$0.12

$1.06

$0.91

$1.57

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