Answer:
-0.11% a year
Explanation:
Susan's real interest rate is the nominal rate of her investment subtracted by the percentage increase in CPI.
The percentage increase in CPI for 2005 was:
Therefore, Susan's real interest rate (i) was:
Answer:
C. Online News
Explanation:
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$2430
If the current rate is given and it is reflecting that the United States currency is trading at a premium to the New Zealand dollars as 1 New Zealand dollar will be equal to .801, so when we are converting the 3,000 New Zealand dollars we will be overall getting
=[Total amount in New Zealand dollar x exchange rate]
= (3000*.81)
= $2430
Hence the total United State dollars will be $2430
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