Question
Shauna has an investment that earns an annual nominal interest rate of 5%. If inflation runs at an annual rate of 2.5%, what is
Shauna has an investment that earns an annual nominal interest rate of 5%. If inflation runs at an annual rate of 2.5%, what is Shauna's approximate real rate of return on her investment? (Disregard taxes)
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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