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10. Hannah received an inheritance of $350,000. She expects to earn 10% annual interest, compounded monthly on her investments. a. What is her effective interest

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10. Hannah received an inheritance of $350,000. She expects to earn 10% annual interest, compounded monthly on her investments. a. What is her effective interest rate? b. What is her inflation-adjusted rate of return? Assume 2% inflation. Note: Please use the effective interest rate from 15 a for this calculation c. If she can invest her inheritance in the stock market and expects to earn 8% on her investment annually, which investment option would you recommend and why? 11. What is the inflation adjusted rate of return (IARR) of an 8% investment rate and an inflation rate of 2% (round to the 2/100 decimal) 12. What is the inflation adjusted rate of return (IARR) of a 5% investment rate and an inflation rate of 3% (round to the 2/100 decimal)? 13. What would be the value of a savings account started with $5,300, earning 2.5 percent (compounded annually) after 10 years

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