Here is the complete question
A nominal interest rate of 5%
A real interest rate of 5%
A real interest rate of 3%
A nominal interest rate of 3%
Answer:
A real interest rate of 5%
Step-by-step explanation:
A real interest rate of 5% is the best option for oscar. The nominal rate of interest is a type of interest rate that shows the increase in in percentage of money without the depreciation discount that is usually caused by inflation or the payment of tax.
The real rate of interest shows the real increase in the money that has been paid for an investment. This is after inflation has been discounted and all forms of taxes have been paid.
So oscar should invest his $4000 on a savings account whose real interest rate is 5% per year
Answer:
X + (X + 2) = 52
Step-by-step explanation:
Given that the sum of two consecutive odd integers is 52, to determine the equation that solves this problem, the following calculation must be performed:
X + (X + 2) = 52
2X + 2 = 52
X = (52 - 2) / 2
X = 50/2
X = 25
X + 2 =?
25 + 2 = 27
Therefore, the consecutive odd integers are 25 and 27.
Answer:
Step-by-step explanation:
According to the Definition of Rational Exponents, use this formula to rewrite this as an exponential expression:
![a^{\frac{m}{n}} = \sqrt[n]{a}^{m}](https://tex.z-dn.net/?f=a%5E%7B%5Cfrac%7Bm%7D%7Bn%7D%7D%20%3D%20%5Csqrt%5Bn%5D%7Ba%7D%5E%7Bm%7D)
NOTE: Since we have exponents in our radical, we have to multiply all exponents by one-half, since raising something to its <em>half power</em> is the exact same as taking the <em>square root</em> of something:
![[{n}^{3}{p}^{4}]^{\frac{1}{2}} = {n}^{1\frac{1}{2}}{p}^{2}](https://tex.z-dn.net/?f=%5B%7Bn%7D%5E%7B3%7D%7Bp%7D%5E%7B4%7D%5D%5E%7B%5Cfrac%7B1%7D%7B2%7D%7D%20%3D%20%7Bn%7D%5E%7B1%5Cfrac%7B1%7D%7B2%7D%7D%7Bp%7D%5E%7B2%7D)
* Do not forget to remove the radical in the beginning because you are once again, rewriting this as an exponential expression.
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