How much would the real rate of interest be if the nominal interest rate was 12 percent
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How much would the real rate of interest be if the nominal interest rate was 12 percent and the expected rate of infl ation was 4 percent? (LO7)
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Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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