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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