Profitable bank deposit 2012
Calculate the real value lost by depositing €11200 in a bank for 4 years at an interest rate of 2% p.a., with a 19% tax on interest and an annual inflation rate of 3.7%. (Calculate what you lose by leaving money in a bank account at a negative real interest rate. Alternatively, calculate the cost of goods you can buy today and how much the same goods will cost in the future.)
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algebraarithmeticbasic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem
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