Question
After a 1 year investment you receive 6.9% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the
After a 1 year investment you receive 6.9% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the real rate of interest was actually2.7%. How much was inflation during that year?
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
