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Suppose you deposit $1,049.00 into and account 4.00 years from today into an account that earns 14.00%. How much will the account be worth 15.00
Suppose you deposit $1,049.00 into and account 4.00 years from today into an account that earns 14.00%. How much will the account be worth 15.00 years from today?
Assume the nominal rate of return is 9.31% and the inflation rate is 5.57%. Find the real rate of return using the exact formula.
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