If you deposit $10,000 in a bank account that pays a 2% interest compounded monthly for five

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If you deposit $10,000 in a bank account that pays a 2% interest compounded monthly for five years, what would be your economic loss if the general inflation rate is 3% during that period?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 12, 2018 12:29 PM

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If you deposit $10,000 in a bank account that pays a 2% interest compounded monthly for five

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Fundamentals of Engineering Economics

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