Helen pays a 10% commission on the cost of the stock she bought at $17.57 per share. she purchased 150 shares. how much will hel
1 answer:
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Answer:
"4,000" is the appropriate option.
Explanation:
Given:
Real interest rate,
= 6%
Inflation rate,
= 2%
Annual deposit,
= $20,000
Now,
The nominal interest rate will be:
=
=
= (%)
As per the annual deposit, I was making,
=
=
Inflation rate rise 3% i.e.,
=
= (%)
Just to earn 1200, I have to:
=
=
Thus the above is the appropriate answer.