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Leni [432]
3 years ago
14

Bill lends Joann​ $1,000 for a year at a nominal interest rate of 6​%. If both Bill and Joann expect the inflation rate to be 3​

% next​ year, then the real rate of interest is
Business
1 answer:
Kamila [148]3 years ago
7 0

the answer would be 3%


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If your average is an 83 and you took a test and made a 80 on it what is your average then?
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The degree of risk is associated with the probability or magnitude of loss.
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The degree of risk is associated with the probability or magnitude of loss. The given statement is true.

The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.

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