You have $3,500 in a money market account that earns 3.00 percent interest. The inflation rate was 2.80 percent, what was the real rate of return?
You have $3,500 in a money market account that earns 3.00 percent interest. The inflation rate was 2.80 percent, what was the real rate of return?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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You have $3,500 in a money market account that earns 3.00 percent interest. The inflation rate was 2.80 percent, what was the real rate of return?
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