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Assume the nominal rate of return is 11.99% and the real rate is 4.34%. Find the inflation rate of return using the exact formula. Answer
Assume the nominal rate of return is 11.99% and the real rate is 4.34%. Find the inflation rate of return using the exact formula. Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Suppose you deposit $1,399.00 into and account 8.00 years from today into an account that earns 13.00%. How much will the account be worth 15.00 years from today? Answer format: Currency: Round to: 2 decimal places
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