a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
a. Calculations to determine the approximate real rate of interest in percent.
Using this formula
Approximate real rate of interest=Risk free rate - Inflation rate
Let plug in the formula
Approximate real rate of interest = 9.44% - 5.21%
Approximate real rate of interest = 4.23%
b. Calculations to determine the exact real rate of interest in percent
Using this formula
Exact real rate of interest= (Risk free rate-inflation) / (1+inflation)
Let plug in the formula
Exact real rate of interest= (9.44% - 5.21%) / (1 + 5.21%)
Exact real rate of interest=4.23% / 1.521%
Exact real rate of interest= 2.78%
Inconclusion:
a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
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One of the purpose is establish basic rights for all American citizens.
Answer:
Pilot project
Explanation:
Pilot project is an experimental project in an organization to study the feasibility of carrying out overall change. It is more like a test run of the organizations change move. It helps to manage the risk involved with drastic changes. If the result of the pilot project is not positive, the management can either discard the change idea of make modifications and test run the idea again.
The answer is individuals and businesses are owners and decision makers for the private sector. You have it correct.