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Nancy's son plans to start college when he graduates from High School. Assume that after-tax...

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Accounting

Nancy's son plans to start college when he graduates from High School. Assume that after-tax annual rate of return that Nancy is able to earn from her investment is 10.78 percent. The rate of inflation of college costs is 2.18 percent. What is the real inflation-adjusted rate of return of Nancy's investment in college funds?

Round the answer to two decimal places in percentage form.

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