Assume you have 4000 in a savings account at the beginning


Assume you have 4000 in a savings account at the beginning of the year price level is 100 the account pays 7% interest annually. if the price level is equal to 115 at the end of the year, the real value of your saving is?

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Business Economics: Assume you have 4000 in a savings account at the beginning
Reference No:- TGS01189817

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