) Kerry and Andy Zell are retired and after saving their entire life, they have $210,000 in a savings account paying 3% compounded daily. What is their gain or loss in purchasing power in a year in which

) Kerry and Andy Zell are retired and after saving their entire life, they have $210,000 in a savings account paying 3% compounded daily. What is their gain or loss in purchasing power in a year in which the CPI is 5%?

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