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Ali invested $1,000 in a savings account that pays an annual interest rate of 18%, a year ago. What is your exact annual real rate

Ali invested $1,000 in a savings account that pays an annual interest rate of 18%, a year ago. What is your exact annual real rate of return if the rate of inflation was 16% over the year?

I will be glad if you write the solutions in computer format not on eexcell and answer them in detail. Thank you in advance.

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