The value of an investment of $1000 eaming 14% interest compounded annually is +0.14(1-R110 -10001 VI, R) 100 MY NOTES ASK YOUR TEACHER where I is the annual rate of inflation and it is the tax rate for the person making the investment. Calculate v0.03, 0.28) and (0.03, 0.28). (Round your answers to (0.03, 0.28)- (0.03, 0.28) - Determine whether the tax rate or the rate of inflation is the greater "negative" influence on the growth of the investment. O The rate of inflation has the greater negative influence. O The tax rate has the greater negative influence. PRACTICE ANOT

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7.
DETAILS
LARAPCALC10 7.4.071.MI.
The value of an investment of $1000 eaming 14% interest compounded annually is
VU, R) 10001+0.14(1-R))
MY NOTES
Determine whether the tax rate or the rate of inflation is the greater "negative" influence on the growth of the investment.
O The rate of inflation has the greater negative influence.
O The tax rate has the greater negative influence.
ASK YOUR TEACHER PRACTICE ANOT
147
where / is the annual rate of inflation and R is the tax rate for the person making the investment. Calculate v0.03, 0.28) and (0.03, 0,28). (Round your answers to two decimal places
V(0.03, 0.28) -
V(0.03, 0.28)-
Transcribed Image Text:7. DETAILS LARAPCALC10 7.4.071.MI. The value of an investment of $1000 eaming 14% interest compounded annually is VU, R) 10001+0.14(1-R)) MY NOTES Determine whether the tax rate or the rate of inflation is the greater "negative" influence on the growth of the investment. O The rate of inflation has the greater negative influence. O The tax rate has the greater negative influence. ASK YOUR TEACHER PRACTICE ANOT 147 where / is the annual rate of inflation and R is the tax rate for the person making the investment. Calculate v0.03, 0.28) and (0.03, 0,28). (Round your answers to two decimal places V(0.03, 0.28) - V(0.03, 0.28)-
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