Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10. help pls You made an investment over the past year, and your nominal return was 13.3%. Over the same year, the rate of inflation
10. help pls
You made an investment over the past year, and your nominal return was 13.3%. Over the same year, the rate of inflation was 2.7%. What was the real rate of return for this investment? Enter your answer as a percentage, rounded to two decimals, and without the percentage sign ('\%''). For example, if your answer is 0.123456, then it is equivalent to 12.35%, so you should enter 12.35 as the Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started