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Business, 23.12.2019 20:31 izhaneedwards

Suppose you put $100 in the bank on january 1, 2017. if the annual nominal interest rate is 5 percent, the inflation rate is 2 percent, and the tax on interest income is 20%, you will be able to buy worth of goods on january 1, 2018, valued at 2017’s prices.

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Suppose you put $100 in the bank on january 1, 2017. if the annual nominal interest rate is 5 percen...

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