Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume the real rate of return is 4.52% and the inflation rate is 4.73%. Find the nominal rate of return using the exact formula. Answer

image text in transcribed
Assume the real rate of return is 4.52% and the inflation rate is 4.73%. Find the nominal rate of return using the exact formula. Answer format: Percentage Round to:-2 decimal places (Example: 0\%.\% sign required. Will accept decimal format rounded to 0 decimal places ( ex: 0)) Assume the nominal rate of return is 9.65% and the inflation rate is 7.03%. Find the real rate of return using the exact formula. Answer format: Percentage Round to: 0 decimal places (Example: 9%,% sign required. Will accept decimal format rounded to 2 decimal places (ex:0.09)) Assume the nominal rate of return is 8.77% and the real rate is 3.29%. Find the inflation rate of return using the exact formula. Answer format: Percentage Round to: 0 decimal places (Example: 9%, \% sign required. Will accept decimal format rounded to 2 cecimal places (ex:0.09)) Suppose you deposit $1,702.00 into and account 10.00 years from today into an account that earns 10.00%. How much will the account be worth 19.00 years from today? Answer format: Currency: Round to: 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions