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Problem 4 Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,200 in one year. The appropriate interest

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Problem 4 Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,200 in one year. The appropriate interest rate is 13%. Part 1 IB Attempt 2/5 for 8 pts. You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,200 promised for next year? 964.91 Try again again See solution (-2 pts.)

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