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The real interest rate is 2% a year, and the inflation rate is 3.4% a year. What is the present value of a $10,000 nominal

The real interest rate is 2% a year, and the inflation rate is 3.4% a year. What is the present value of a $10,000 nominal payment next year? Round your answer to the nearest $10.

	$9,480
	$8,480
	$8,890
	$7,800

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