An investment grew in value from $5630 to $8485 during a five-year period. The annual rate of

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An investment grew in value from $5630 to $8485 during a five-year period. The annual rate of inflation for the five years was 2.3%. What was the compound annual real rate of return during the five years?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:31 AM

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An investment grew in value from $5630 to $8485 during a five-year period. The annual rate of

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Business Mathematics In Canada

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