1 The nominal interest rate is 5%, the expected inflation rate is 2%, and the actual inflation rate is-2%. a) Calculate the expected real interest rate using the exact relationship. b) Calculate the expected real interest rate using the approximation formula. d Calculate the actual real interest rate using the exact relationship. d Calculate the actual real interest rate using the approximation formula. . aHo much (quantity) is a troy ounce? d How much (quantity) is a barrel of oil? d What is the current market (spot) price of a barrel of oil? e What is the current market (spot) price of an ounce of silver? 3 . In 1913, Andrew Carnegie's net worth was approximately $475 million. In 2018, Mark Zuckerberg's net worth was $58 billion. One dollar ($1) in January of 1913 has the same buying power as $25.76 in September of 2018. Check it by going to http://www.bls gov/data/inflation calculator.htm a) Calculate the real wealth for Andrew Carnegie. b) Calculate the real wealth for Mark Zuckerberg. d Who is the wealthier of the two and why? ds English (US) Track Changes: Off