In January of 1980, a Troy ounce of gold sold for $850 (an all-time high). Over the 28 years from 1980 to 2008, suppose the CPI has grown at a compounded annual rate of 3.33.3%. In 2008 a Troy ounce of gold sells for $700700. a. In real terms, with 1980 as the reference year, what is the 2008 price of gold per ounce in 1980 purchasing power? b. If gold increases in value to keep pace with the CPI, how many years will it take to grow to $850 per ounce in 2008 purchasing power? c. What was the real interest rate earned from 1980 to 2008 on an ounce of gold?

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.