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Mr. Thomas wants to receive 10.000 USD multiplying with 6 , after 6 years 4a) If the interest is compounded annually, how much money should
Mr. Thomas wants to receive 10.000 USD multiplying with 6 , after 6 years 4a) If the interest is compounded annually, how much money should he deposit into the bank at the fixed interest rate 9% p.a. 4b) Recently, there has been an upward trend in the inflation rate, and it is projected to continue rising. If Mr. Thomas plans to deposit money to have 10.000 USD in the future, what implications of this rise in inflation have on his amount of deposit
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