The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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The employment forecast for well trained medical insurance and coding specialists is increasing.
<h3>What is the employment forecast?</h3>
Insurance and Coding Specialists ae those that provide medical billing and coding services to physician's offices and medical specialty practices for health care providers to be paid for services rendered. Insurance and Coding Specialists prepare and submit claims to insurance companies and prepare and send statements to patients.
These codes by these specialists are very vital for insurance billing purposes and one of the primary roles is to give a unique code to each kind of treatment and use these codes for billing, research and recordkeeping.
Thus, the employment forecast for well trained medical insurance and coding specialists is increasing because there is high demand for them world wide.
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