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Business, 24.10.2019 20:43 rubycarbajal

Suppose rosa is an avid reader and buys only mystery novels. rosa deposits $2,000 in a bank account that pays an annual nominal interest rate of 15%. assume this interest rate is fixed—that is, it won't change over time. at the time of her deposit, a mystery novel is priced at $20.00.1) initially, the purchasing power of rosa's $2,000 deposit is mystery novels.

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Suppose rosa is an avid reader and buys only mystery novels. rosa deposits $2,000 in a bank account...
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