Answer:
The best option for him would be a real interest rate of 5%.
Step-by-step explanation:
The nominal interest rate is the one that represents the percentage of increase of the money that is in a certain investment, without discounting the depreciation due to inflation or the payment of taxes.
On the other hand, the real interest rate is the one that represents the real increase in the money invested, after discounting inflation and any taxes to be paid.
Therefore, the best option for Oscar would be to invest his $ 4,000 in a savings account with a real interest rate of 5% per year.
Not unless the digits in each period are also in the same order. That is, the digit in each PLACE must be the same.
Answer:
-0.146
Step-by-step explanation:
log 5 = 0.699
log 7 = 0.845
The y intercept in the equation is -2. What is your question?
