Question: Problem 7 Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,100 in one year. The appropriate interest

Problem 7 Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,100 in one year. The appropriate interest rate is 6%. Part 1 IB Attempt 2/6 for 10 pts. You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,100 promised for next year? 0+ decimals Submit

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