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Suppose That the Average Weekly Income in a Nation Was

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Essay

Suppose that the average weekly income in a nation was $120 in 1952, and the growth rate of average income is 3.5 per cent per year.About how high will average national weekly income be in 2012?


Definitions:

Financial Institutions

Organizations that provide financial services to its clients or members, including banks, credit unions, insurance companies, pension funds, and investment companies.

Investment Banker

Underwrites new issues of securities for corporations, states, and municipalities.

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