Answer:
Real rate of interest will be 3 %
Explanation:
We have given Caroline served $100000 for her retirement
Rate earned 4% interest on that money
So nominal rate earned = 4%
We have given inflation rate = 1%
We have to find the real rate of interest
Real rate of interest is given by
Real rate of interest = nominal rate earned - inflation rate
So real rate of interest = 4-1 =3 %
Answer:
$42.51
Explanation:
markup percentage = (selling price - cost) / cost
54% = (selling price - $27.60) / $27.60
54% x $27.60 = selling price - $27.60
$14.904 = selling price - $27.60
selling price = $42.504 ≈ $42.51 we must round up since we are looking for the price that would yield the markup %, if we round down, then the markup % would be slightly below 54%
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The correct answer for the question that is being presented above is this one: "A) The total net housing wealth is equal to about 80 percent of GDP." The statements about the U.S. housing industry is accurate is this one '<span>The total net housing wealth is equal to about 80 percent of GDP.'</span>