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plz help ty If an investment grew by 9% while it had a change in purchasing power of 7%, what was the inflation rate over
plz help ty
If an investment grew by 9% while it had a change in purchasing power of 7%, what was the inflation rate over the period? (Convert your answer to a percent but enter numbers only in your response.) Numeric Answer: You are incorrect 1.99 Hint Hint: The investment's growth rate of 9% is the same as its nominal return. The change in purchasing power of 7% is the real rate of returnStep by Step Solution
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