The value of an investment of $1,000 earning 10% compounded annually is 1+0.10(1-R) 10 1+ I...

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The value of an investment of $1,000 earning 10% compounded annually is 1+0.10(1-R) 10 1+ I V(I, R)= 1000[1 where I is the annual rate of inflation and R is the tax rate for the person making the investment. (a) Calculate V, (0.03, 0.28) and VR(0.03, 0.28) (b) Determine whether the tax rate or the rate of inflation is the greater "negative" factor on the growth of the investment. The value of an investment of $1,000 earning 10% compounded annually is 1+0.10(1-R) 10 1+ I V(I, R)= 1000[1 where I is the annual rate of inflation and R is the tax rate for the person making the investment. (a) Calculate V, (0.03, 0.28) and VR(0.03, 0.28) (b) Determine whether the tax rate or the rate of inflation is the greater "negative" factor on the growth of the investment.