Taki deposits P50,000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate is 6.5% per year continues for this period. Will this effectively protect the purchasing power of...


Taki deposits P50,000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate
is 6.5% per year continues for this period. Will this effectively protect the purchasing power of the
original principal?


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Jun 10, 2022
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