Discuss what is the value of account at end of year twenty, Microeconomics

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Discuss what is the value of account at end of year twenty

Problem

If $10,000 is deposited in a 5% savings account and inflation is 3%, what is the value of the account at the end of year 20 in year-0 dollars? If the time value of money is 4%, what is the present worth?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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