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If you made a fixed deposit of $10,000 with an annual interest rate of 3% but the rate of inflation for that year is 3%
If you made a fixed deposit of $10,000 with an annual interest rate of 3% but the rate of inflation for that year is 3% as well, the calculation of Real Interest Rate would be like this
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
