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An investor wants to invest his money in a bank at an annual interest rate of 18%. He plans to deposit $1000 to the bank

An investor wants to invest his money in a bank at an annual interest rate of 18%. He plans to deposit $1000 to the bank on the first day of each month for 10 years. The annual inflation rate is 15%.

How many $ 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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