step by step please. With formula. perferably no excel!

1. Assume inflation is 0.2% per month. Would you rather earn a nominal return of 0.75% per month, or a real return of 6.5% APR, compounded annually? (Answer: Nominal 0.75% per month) 1. Assume inflation is 0.2% per month. Would you rather earn a nominal return of 0.75% per month, or a real return of 6.5% APR, compounded annually? (Answer: Nominal 0.75% per month) col-nica thie vear However, you read on