Order the answer to: Five years ago, an industrial engineer deposited $10,000 into an

Academic Writing business-economics Order the answer to: Five years ago, an industrial engineer deposited $10,000 into an

business-economics

Order the answer to: Five years ago, an industrial engineer deposited $10,000 into an

Question Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed until now. The account is now worth $25,000. (a) What was the overall ROR during the 5 years? (b) If the inflation over that period was 4% per year, what was the real ROR? (c) What is the buying power of the $25,000 now compared to the buying power 5 years ago?
Subject business-economics
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