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Find the probability
-Elise has put 5 cans (all of the same size) on her kitchen counter; 2 cans of vegetables, 2 cans of Soup , and 1 can of peaches. Her son, Ryan, takes the labels off the cans and throws them away. Elise then chooses 2 cans (without replacement) at random to open. Find the probability that she Will open at least 1 can of soup.
Effective Annual Rate
The interest rate on an investment or loan that is compounded annually, indicating the actual annual return taking into effect compounding over the year.
Real Return
The yield on an investment once inflation adjustments have been made.
Nominal Return
The amount of profit or loss on an investment before adjusting for factors like inflation, representing the raw financial outcome.
Inflation
Inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.
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