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(1 point) Steve invested in company stock in the year 1994 . The annual yield for his investment was 5.1%; however, the inflation rate was

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(1 point) Steve invested in company stock in the year 1994 . The annual yield for his investment was 5.1%; however, the inflation rate was 7.8%. (a) What was the real growth rate of this investment? Answer: (b) Suppose Steve wants to make a better investment that will have a real growth rate of 8.6%. What annual interest rate will he need to earn on his investment to accomplish his goal

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