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After a 1 year investment you receive 7.2% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the
After a 1 year investment you receive 7.2% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the real rate of interest was actually 3.2%. How much was inflation during that year? Enter your answer as a percentage, rounded to 2 decimals, and without the percentage sign ('\%'). For example, if your answer is 0.02345 , then enter 2.35 Question 10 2 pts You are offered a court settlement in the following terms: you will receive 5 equal payments of $863 each every year, with the first payment being made 3 years from now. The current annual interest rate is 5%. Assume yearly compounding. What is this settlement worth in present value terms? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
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