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:
The value of a is "3", to complete the coordinate point (3,7) on the line.
Step-by-step explanation:
We are given the slope of the line, and also one point through which the line passes. Therefore, we can find the actual equation of the line by using the slope-point form of the line:
Now, we need to find which value of "x" renders a y-value of "7", to complete the coordinate pair (a, 7) as requested. Therefore, we ask for the y-value in the previous equation to be "7", and solve for its associated x-value:
Therefore, x = 3
600 is 10 times larger than 60
Answer: The answers are B, C, and D (I took the quiz and it was right)
