What is the impact of a savings accounts purchasing power if it is earning 3% APY and

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What is the impact of a savings account’s purchasing power if it is earning 3% APY and inflation has been 4% for the past year?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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Question Posted: Apr 18, 2018 09:46 AM

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What is the impact of a savings accounts purchasing power if it is earning 3% APY and

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The savings accounts purchasing power is reduced by 1 For example assume you invested 10...View the full answer

Personal Finance Building Your Future

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