What is the year-zero dollar value of the account, Microeconomics

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What is the year-zero dollar value of the account

Problem

Inflation is 4%. If $1000 is invested in an account paying 6% compounded semiannually, what is the year-0 dollar value of the account at the end of the 5 years?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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