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The inflation-adjusted principal at the beginning of the period is $203,000. Suppose that the semiannual inflation rate for the next six-month period is 1%. What
The inflation-adjusted principal at the beginning of the period is $203,000. Suppose that the semiannual inflation rate for the next six-month period is 1%. What will be the inflation-adjusted principal at the end of the next six-month period?
A) $204,030 B) $203,000 C) $205,000 D) $205,030
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