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An investor wants to deposit his money in a bank at an annual interest rate of 18%. He plans to deposit 1000 TL on the
An investor wants to deposit his money in a bank at an annual interest rate of 18%. He plans to deposit 1000 TL on the first day of each month for 10 years. Annual inflation rate is 15%. How many TL will the investor have in the bank at the end of the 10th year? How much profit or loss will you have (take into account the inflation rate)?
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