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An engineer deposits $12,000 into an account when the inflated interest rate is 16% per year and the inflation rate is 6% per year. The

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An engineer deposits $12,000 into an account when the inflated interest rate is 16% per year and the inflation rate is 6% per year. The account is left undisturbed for 7 years. (a) How much money will be in the account? (b) What will be the buying (purchasing) power in terms of today's dollars? (c) What is the real rate of return that is made on the account

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