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Suppose that you deposit $2,500 in a savings account today. The account pays an interest rate of 2.75%. The annual inflation rate is 1.75%. If

Suppose that you deposit $2,500 in a savings account today. The account pays an interest rate of 2.75%. The annual inflation rate is 1.75%. If you leave the funds in the account for 12 years, find the real value of your saving after the 12 years. Make sure to round your answers to the nearest 100th decimal points.

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