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please need answer Your favorite aunt has promised to help you with your school expenses by giving you $1,300 in one year. The appropriate interest

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Your favorite aunt has promised to help you with your school expenses by giving you $1,300 in one year. The appropriate interest rate is 16%. art 1 Attempt 1/5 for 10pts. You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,300 promised for next year

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