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
I'm pretty sure it should be the 45. or A
Answer:
8/100 is equivalent to 0.08
Step-by-step explanation:
The second digit place to the right of the decimal point is the hundredths place, so that is where the 8 belongs because it is 8/100 in fraction form.
Hope this helped :)
Answer: C
<u>Step-by-step explanation:</u>
∑ 8(
)⁽ⁿ⁻¹⁾ from n = 1 to n = 5
n = 1 → 8(
)⁽¹⁻¹⁾
= 8 = 
n = 2 → 8(
)⁽²⁻¹⁾
=
=
n = 3 → 8(
)⁽³⁻¹⁾
=
= 
n = 4 → 8(
)⁽⁴⁻¹⁾
=
= 
n = 5 → 8(
)⁽⁵⁻¹⁾
=
= 
Sum = 
= 408.99
Answer:

Step-by-step explanation:
To find the quotient, convert the mixed number to an improper fraction first

Find the quotient now

Simplify
Divide by
both numerator and denominator

Convert to a mixed number
