Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the inflation rate is 4%, annd your year-end mutual fund statement says that your investment is up 8%, what is the rate of return

If the inflation rate is 4%, annd your year-end mutual fund statement says that your investment is up 8%, what is the rate of return after taking inflation into account?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Question

Why doesn't a chain reaction normally occur in uranium mines?

Answered: 1 week ago

Question

a neglect of quality in relationship to international competitors;

Answered: 1 week ago