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Required information Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed through now. The account is now worth $24,000. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. If the inflation over that period was 7.5% per year, what was the real ROR? The real ROR was %.

Required information Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed through now. The account is now worth $24,000. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. If the inflation over that period was 7.5% per year, what was the real ROR? The real ROR was %.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Required information Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed through now. The account is now worth $24,000. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. If the inflation over that period was 7.5% per year, what was the real ROR? The real ROR was %.
Transcribed Image Text:Required information Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed through now. The account is now worth $24,000. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. If the inflation over that period was 7.5% per year, what was the real ROR? The real ROR was %.
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