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Suppose that, at time t = 0 (now), there are 100 depositors (householders) deposit $1,000 each to a fictitious bank, call it Logic Bank. The
Suppose that, at time t = 0 (now), there are 100 depositors (householders) deposit $1,000 each to a fictitious bank, call it Logic Bank. The deposits have one-year maturity and the bank pays 2% intere...
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