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Question 22- The following table shows Alex's estimated annual benefits of holding different amounts of money. Average money holdings ($) Total benefit ($) 700 50

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Question 22- The following table shows Alex's estimated annual benefits of holding different amounts of money. Average money holdings ($) Total benefit ($) 700 50 800 59 900 66 1000 71 1100 74 How much money will Alex hold if the nominal interest rate is 4 percent? (Assume she wants her money holdings to be in multiples of $100.)

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