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Pallavi receives $19000 from her uncle. she deposits the money in an account and leaves it there for 11 years. Assuming the account earns 9%
Pallavi receives $19000 from her uncle. she deposits the money in an account and leaves it there for 11 years. Assuming the account earns 9% interest rate, and the inflation rate 4%,what is the balance in the account at end of 11 years, expressed in real terms ( in terms of today purchasing power)?Dont use any approximations
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