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Calculate the annual yield rate r

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Reference no: EM132701819

Problem 1: Consider an investment with an annual yield rate of R and an inflation rate of 1.9%. At the end of 12 years, the purchasing power increased by 45%. Calculate the annual yield rate R.

A 3.2%

B 3.9%

C 4.3%

D 4.9%

E 5.1%

Reference no: EM132701819

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