Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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2. A deposit of $100,000 is placed in an account that pays 7.6% interest per year compounded quarterly. The inflation rate is 3.6% per year. The account is left undisturbed for 15 years.
-
- How much money will be in the account?
- What will be the
purchasing power in terms of today’s dollars? - What is the real
rate of return that is made on the account?
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