Question
Calculate what the nominal annual rate compounded each month should be to have a real rate of 5% per year, assuming an inflation rate of
Calculate what the nominal annual rate compounded each month should be to have a real rate of 5% per year, assuming an inflation rate of 3.52% per year.
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
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