Profitable bank deposit 2012
Calculate the value of what money is lost to the creditor with a deposit € 11200 for 4 years if the entire duration is interesting 2% p.a. and tax on interest is 19%. Annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at negative interest in the bank. Or calculate the cost of products you can buy today and how one will cost in the future.)
Correct answer:
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You need to know the following knowledge to solve this word math problem:
algebraarithmeticbasic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem
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