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13. -/1 points FVintTheory2 1.14.005. My Notes Ask Your Teacher Money is invested in a savings account with a nominal interest rate of 2.5% convertible

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13. -/1 points FVintTheory2 1.14.005. My Notes Ask Your Teacher Money is invested in a savings account with a nominal interest rate of 2.5% convertible monthly for three years. The rate of inflation is 1.4% for the first year, 2.7% for the second year, and 3.9% for the third year. Find the percentage of purchasing power lost during the time the money is invested; that is, find so that if you could purchase exactly w units at the time the money was invested, three years later you could purchase (1-0.010). Round your answer to three decimal places.) A onal Materials book Book

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