You put 500 in a savings account in a bank that pays 6, Ask an Expert

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You put $500 in a savings account in a bank that pays 6% annual interest rate. You withdrew the money after 3 years. The average inflation rate over this period was 3%. Prepare a table to show the inflation adjusted cash flow. Ignore the issues related to income tax.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92352100

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