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You plan on depositing $25,000 per year in real terms into your investment account at the beginning of each year for the next four years.

You plan on depositing $25,000 per year in real terms into your investment account at the beginning of each year for the next four years. The nominal discount rate is 8.5 percent and the inflation rate is 4.6 percent. Using the Fisher effect to determine the real rate of interest, what are these deposits worth in today's dollars

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