Answer:
the nominal interest rate is 7%
Explanation:
The calculation of the nominal interest rate is given below:
As we know that
Nominal interest rate is
= Real interest rate + Inflation rate
So,
The nominal interest rate should be
= 5% + 2%
= 7%
Hence, the nominal interest rate is 7%
The same is to be considered and relevant
Answer:
False
Explanation:
The opportunity cost refers to the benefit that is foregone by choosing some other alternative. It is measurable in monetary terms as well as in non-monetary terms.
In our case,
Monica paid for CD = $12
Hence, she already paid for the CD, so here the opportunity cost is either she keep the CD or she not keep the CD for the amount of $18.
Hence, if Monica decided to keep the CD then the opportunity cost of keeping the CD is $18.
If you want an idea of how many people to expect, so you would like to request rsvps. What you should you keep in mind is: You can request for RSVPs, but you are not permitted to require contact information.
<h3>What is Medicare?</h3>
Medicare can be defined as a medical coverage that help to cover medical expenses of the people under the plan.
Hence, Based on the scenario what should have he mind if you want to have a clue of the number of people to expect is that you can request for RSVP but you cannot obtain the contact details.
Learn more about Medicare here:brainly.com/question/26982947
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