The real interest rate is 2% a year, and the inflation rate is 3.4% a year. What is the present value of a $10,000 nominal payment next year? Round your answer to the nearest $10.
A)$10,140
B)$8,992
C)$9,480
D)$9,860

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The Answer of The real interest rate is 2% a year, and the inflation rate is 3.4% a year. What is the present value of a $10,000 nominal payment next year? Round your answer to the nearest $10.
A)$10,140
B)$8,992
C)$9,480
D)$9,860

The Real Interest Rate Is 2% a Year, and the Inflation