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madam [21]
3 years ago
13

The current highest interest rate on a savings account is 1.85%. the current rate of inflation is 1.9%. what is the real dollar

return on this account with a $1,020 balance at the end of the year
Business
1 answer:
adoni [48]3 years ago
3 0

Answer: 0.51

Explanation:

Nominal rate = 1.85%

Inflation rate = 1.90%

Real rate of return = (1 + nominal rate / 1 +inflation rate) - 1

Real rate of return = ((1 + 0.0185) / (1 + 0.019)) - 1

= (1.0185 / 1.019) - 1

= 0.9995 - 1 = - 0.0005

Therefore, the real dollar return I. $1,020 equals

0.0005 × 1020 = 0.51

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Answer:

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competition isn't something you would necessarily put in a business plan but the other two are.

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Don and maria jefferies take $500 a month from savings. don and maria also receive social security, but maria receives 120 perce
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Don's monthly social security benefit is $772.73.

Let Don's monthly social security benefit be 'x'.

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6 0
3 years ago
Read 2 more answers
Godart Co. issued $4.5mn notes payable as a scrip dividend that matured in five years. At maturity, each shareholder of Godart's
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Answer:

$6,750,000

Explanation:

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Hope this helps
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