6. The bank is offering you a new saving which will give you a 2% real...

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6. The bank is offering you a new saving which will give you a 2% real annual interest rate. If the inflation rate is 5% annually how long will it take you to double your money both in nominal and real terms? 6. The bank is offering you a new saving which will give you a 2% real annual interest rate. If the inflation rate is 5% annually how long will it take you to double your money both in nominal and real terms?

Answer rating: 100% (QA)

To determine how long it will take to double your money both in nominal and real terms we can use th... View the full answer