Business
Business, 15.10.2019 17:30, eaalvarezelisa01

Suppose simone is an avid reader and buys only mystery novels. simone deposits $3,000 in a bank account that pays an annual nominal interest rate of 5%. 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 $10.00. what would be the purchasing power of simone's $1,000 deposit's of mystery novels?

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Suppose simone is an avid reader and buys only mystery novels. simone deposits $3,000 in a bank acco...

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