Question: Using the table below, find the real value of a $1,200 payment to be received each year given the following CPI values. Next find the

Using the table below, find the real value of a $1,200

Using the table below, find the real value of a $1,200 payment to be received each year given the following CPI values. Next find the amount that this $1,200 should be adjusted to, in order to keep its real value at $1,200. Instructions: Round your answers to two decimal places. Year CPI Real value of $1200 Cost of living adjusted payment 2013 100 $1,200 $1,200 2014 103 2015 105 2016 110

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