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    Exam 9: Compound Interest: Further Topics and Applications
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    Over a Five-Year Period, Hardip's $2,000 Investment Grew to $2675
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Over a Five-Year Period, Hardip's $2,000 Investment Grew to $2675

Question 292

Question 292

Short Answer

Over a five-year period, Hardip's $2,000 investment grew to $2675. At the same time, the CPI increased from 106.1 to 109.1. What was Hardip's real compound rate of return?

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