Answer:
-0.11% per year
Explanation:
Here, we want to calculate real interest rate.
Firstly, we calculate the inflation rate
mathematically the inflation rate = (cpi at the end of year - cpi at the beginning of year)/cpi at the beginning of year * 100%
Inflation rate = (232-225)/225 * 100% = 3.11%
we now proceed to calculate the real interest rate
mathematically, real interest rate = Nominal interest rate - inflation rate
from the question, nominal interest rate = 3%
real interest rate = 3% - 3.11% = -0.11%
This means that the real interest rate earned by sally is -0.11% per year
Answer:
$91,100
Explanation:
Calculation to determine the total cost of merchandise purchased
Using this formula
Total cost of merchandise purchased = Invoice cost of merchandise purchases + Cost of transportation in - Purchase returns and allowances - Purchase discount
Let plug in the formula
Total cost of merchandise purchased= $100,000 + $500 - $400 - $9,000
Total cost of merchandise purchased= $91,100
Therefore the total cost of merchandise purchased is $91,100
The correct <span>answer is Digital Library.
A digital library is a special collection of digital objects which can be in form of text, visual, audio or video material which has been organized, stored and retrievable in electronic formats. These materials for them to be stored in a public digital library, usually, have to be published as a requirement.</span>
Answer:
Stocks is the type of investments that offers both capital gains and interest income.
A. Wages is the general term for the payments for the use of resources
