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An investment offers a total return of 11.7 percent over the coming year. Janice Yellen thinks the total real return on this investment will be
An investment offers a total return of 11.7 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 9 percent. What does Janice believe the inflation rate will be over the next year? | ||||
Input area: | ||||
Investment return | 11.70% | |||
Real return | 9% | |||
(Use cells A6 to B7 from the given information to complete this question.) | ||||
Output area: | ||||
Solve using excel | ||||
Inflation rate |
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