71. Real versus Nominal. If the interest rate is 6% per year, how long will it take...
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71. Real versus Nominal. If the interest rate is 6% per year, how long will it take for your money to quadruple in value? If the inflation rate is 4% per year, what will be the change in the purchas- ing power of your money over this period? (LO1, 6)
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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