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Business, 03.05.2021 18:00 Thnut236

Maria Moneybags keeps $1,000 in her sock drawer for three consecutive years. Calculate the real value of this $1,000 at the beginning of the third year. Over the third year, the inflation rate is 10%, as it has been every year previous. What is the real inflation tax for the third year

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Maria Moneybags keeps $1,000 in her sock drawer for three consecutive years. Calculate the real valu...
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