Tasks
The next few sections show how to perform
computations for the following situation.
Suppose you buy a $10,000 certificate of deposit that pays 12% interest
a year for five years.
Your earnings are taxed at a rate of 30% federally and 7% locally.
Also, you want to transfer all the money to an account in England.
British pounds converts to American dollars at an exchange rate
of $1.00 to £0.60.
The inflation rate in England is 3%.
The instructions in this example assume familiarity with the following:
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