An investor wants to invest his money in a bank at an annual interest rate of 18%.

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An investor wants to invest his money in a bank at an annual interest rate of 18%. He plans to deposit $1000 to the bank on the first day of each month for 10 years. The annual inflation rate is 15%.

How many $ will the investor have in the bank at the end of the 10th year?

How much profit or loss will you have (take into account the inflation rate)?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jun 22, 2023 03:29 AM

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An investor wants to invest his money in a bank at an annual interest rate of 18%.

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To calculate the amount of money the investor will have in the bank at the end of the 10th year we c... View the full answer

Fundamentals Of Corporate Finance

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