Question
One year ago the balance in your investment account was $9,600 and today the balance is $10,500. There no cash flows in or out of
One year ago the balance in your investment account was $9,600 and today the balance is $10,500. There no cash flows in or out of the account during the year. If the inflation rate during the year was 0.03, what was your precise real rate of return?
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Financial And Managerial Accounting
Authors: Nonso E Okpala
1st Edition
1634873904, 9781634873901
