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Your company placed the available cash amount of 100 thousand dollars in a bank at 6% per annum. Thus, in a year the company received
- Your company placed the available cash amount of 100 thousand dollars in a bank at 6% per annum. Thus, in a year the company received 106 thousand dollars. How profitable was the company's cash placement if the inflation rate for this period was 8%?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
