Question: I need help solving this problem Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,200 in one

I need help solving this problem

Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,200 in one year. The appropriate interest rate is 8%. Part 1 You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,200 promised for next year

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