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If the Inflation Rate Was 8%, and the Tax Rate

question 200

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If the inflation rate was 8%, and the tax rate was 20%, and you deposited money in a bank account that pays 12%, what is your after tax real interest rate? Show you work.


Definitions:

Taste Receptors

Specialized sensory cells located on the taste buds of the tongue, responsible for detecting and responding to different taste stimuli.

Surface

The outermost layer or boundary of an object or entity, which constitutes its exterior face or aspect.

Taste Buds

Sensory organs located on the tongue that allow for the perception of taste, including sweet, sour, bitter, and salty flavors.

Surface

Pertains to the outermost layer or boundary of an object or space.

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