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A person invests 5000 at 12% per year, compounded annually f

Paper help Economics A person invests 5000 at 12% per year, compounded annually f

Economics

A person invests 5000 at 12% per year, compounded annually f

A person invests 5000 at 12% per year, compounded annually for 7 years. will this effectively protec… Show more A person invests 5000 at 12% per year, compounded annually for 7 years. will this effectively protect the purchasing power of the original principal, given an annual inflation rate of 10% and if so, by how much? • Show less

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