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At the beginning of 2016, the central bank announces that the nominal interest rate will be 9% until further notice. The following table shows the

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At the beginning of 2016, the central bank announces that the nominal interest rate will be 9% until further notice. The following table shows the expected rate of inflation (%) in the next three years following 2016: Year 2017 2018 2019 Inflation 5 6 9 What will be the present value of an asset worth Tk.8,000, purchased at the beginning of 2016, at the end of 2019 calculated using the real interest rate? (4)

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