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You have $17 that you can spend on candy costing $0.55 per piece. The nominal rate of interest on a 1-year deposit is currently 8.0%,
You have $17 that you can spend on candy costing $0.55 per piece. The nominal rate of interest on a 1-year deposit is currently 8.0%, and the expected rate of inflation over the coming year is 6.5%. How many pieces of candy can you buy if you do not consume any today and buy your candy after one year of investing your $17
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