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6. ( a ) A bank offers a return on a certificate of deposit to be 10% per year. Inflation is running at 3 %

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6. ( a ) A bank offers a return on a certificate of deposit to be 10% per year. Inflation is running at 3 % per year, what will be your real return in purchasing power if you purchase this certificate of deposit? The present worth of an alternative is O. What do we know about the value of the future worth? 2. a. FW

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