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Your buddy needs 1k today and wants a simple one-year loan. Youre willing to offer it to him as long as you get a real

Your buddy needs 1k today and wants a simple one-year loan. Youre willing to offer it to him as long as you get a real return of 5%. You expect inflation to be 3%. You demand he pays you $___ a year from now. (round to the nearest dollar)

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