A year ago, you invested $10,000 in a saving account that pays an annual interest rate of

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A year ago, you invested $10,000 in a saving account that pays an annual interest rate of 3%. What is your approximate annual real rate of return if the rate of inflation was 4% over the year?

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Matlab An Introduction with Applications

ISBN: 978-1118629864

5th edition

Authors: Amos Gilat

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Question Posted: Apr 18, 2012 09:16 AM

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A year ago, you invested $10,000 in a saving account that pays an annual interest rate of

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Computation of the approximate ann...View the full answer

Matlab An Introduction with Applications

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