Question
You invest $500 per month into a long term savings account. Over 7 years you earn a nominal average annual return of 12%. Inflation over
You invest $500 per month into a long term savings account. Over 7 years you earn a nominal average annual return of 12%. Inflation over this period was estimated at 3% per year. Approximately how much real return did your investment earn?
| -9% | ||
| -3% | ||
| 9% | ||
| 12% | ||
| 15% |
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Entrepreneurial Finance
Authors: Simon Hulme, Chris Drew
1st Edition
1352009811, 978-1352009811
