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You are planning to invest $2,500 today for three years at a nominal interest rate of 9 percent with annual compounding. a. What would be
You are planning to invest $2,500 today for three years at a nominal interest rate of 9 percent with annual compounding. a. What would be the future value of your investment? b. Now assume that inflation is expected to be 3 percent per year over the same three-year period. What would be the investment
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