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If the Inflation Rate Was 10%, and the Tax Rate

question 124

Essay

If the inflation rate was 10%, and the tax rate was 25%, and you deposited money in a bank account that paid 14%, what is after tax real interest rate? Show you work.

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Definitions:

Stenography

The practice of writing in shorthand or using a stenotype machine to transcribe spoken words at a rapid pace.

Expertise

Specialized knowledge or skill in a particular field acquired through training, study, or experience.

Job-related

Pertaining to aspects directly connected with one's profession, duties, or work environment.

Applicant

A person who applies for a job, program, or position.

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