Question: What is the true purchasing power one year from now of 14537 in a savings account, if itis earning 4 percent APY and inflation is

What is the true purchasing power one year from now of 14537 in a savings account, if itis earning 4 percent APY and inflation is 6 percent? ANSWER FORMAT (1234.00]

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What is the true purchasing power one year from now of 12723 ina savings account, it is earning 4 percent APY and inflation is 6 percent? ANSWER FORMAT [1234.00]

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