Answer:
y=3
Step-by-step explanation:
Answer:
2.80 years
Step-by-step explanation:
beacause it is simple that it will take option B . You
don't have to worry .
14? I don't understand what keys have to do with it but 14 geese
Answer:
-4
Step-by-step explanation:
9514 1404 393
Answer:
- 1.89%
- 5.06%
Step-by-step explanation:
1. Solving for real interest rate, we find it to be ...
real interest rate = (1 +nominal rate)/(1 +inflation rate) -1
= 1.08/1.06 -1 ≈ 1.89%
__
2. Solving for nominal interest rate, we find it to be ...
nominal interest rate = (1 +real interest rate)·(1 +inflation rate) -1
= (1.02)(1.03) -1 ≈ 5.06%
