Marilyn has $20 that she can spend on candy that costs $0.25 per piece. She could buy 80 pieces today. The nominal rate of interest on a 2 year deposit is currently 8%, and the expected rate of inflation over the coming 2 years is 7%. If Marilyn invested the $20, 

how many pieces of candy could she buy in two years?

Answer rating: 100% (QA)

To determine the number of pieces of candy Marilyn can buy in two years we need to consider the effe... View the full answer