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1. Your grandmother gave you $2,000 in a bank account when you were born. If the fair market interest rate paid on the account was
1. Your grandmother gave you $2,000 in a bank account when you were born. If the fair market interest rate paid on the account was 5%, how much money will you have in the account on your 21st birthday?
2. All corporations face double taxation. True or False.
3. When using Nominal Rates to discount future cash flows your answer is incorrect because it does not include inflation. True or False.
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