What is the rate of inflation

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Reference no: EM131890827

1. Suppose that every 3 months, you deposit $779 into a savings account whose annual rate is 2.8% with Quarterly compounding. How much will you have in the account after 12 years?

2. If the nominal rate of return is 13 percent and the real rate is 8 percent, then, according to the Fisher Effect, what is the rate of inflation? Please show how to do this problem.

3. Why is reputation important when it comes to business?

Reference no: EM131890827

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