For a nominal inflation-adjusted interest rate of 24% per year compounded monthly, calculate the real interest rate

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For a nominal inflation-adjusted interest rate of 24% per year compounded monthly, calculate the real interest rate per month when the inflation rate is 0.5% per month.

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Oct 26, 2024 07:00 AM

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For a nominal inflation-adjusted interest rate of 24% per year compounded monthly, calculate the real interest rate per month when the inflation rate is 0.5% per month.
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For a nominal inflation-adjusted interest rate of 24% per year compounded monthly, calculate the real interest rate

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Basics Of Engineering Economy

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