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Business, 12.12.2020 17:10 CBSEATON18
You place $4000 into an account paying 8% compounded annually. Inflation is expected to be 2.5% during each of the next three years. What is the account's value at the end of the 3 years in Year-O (constant) dollars?
a. $2029
b. $5040
c. $5428
d. $4680
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You place $4000 into an account paying 8% compounded annually. Inflation is expected to be 2.5% duri...
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