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If You Had $4,000 in a Savings Bank That Pays

Question 33

Multiple Choice

If you had $4,000 in a savings bank that pays you 2% interest per year, what would be the real value of your savings after 2 years and the yearly inflation rate were 3% per year?


A) $3,959
B) $4,080
C) $4, 162
D) $4,244
E) $4,410

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