Question
You made an investment over the past year, and your nominal return was 20.6%. Over the same year, the rate of inflation was 3.1%. What
You made an investment over the past year, and your nominal return was 20.6%. Over the same year, the rate of inflation was 3.1%. What was the real rate of return for this investment?
The answer is 16.97. How do I solve this? I thought it was 20.6-3.1. But I most be wrong.
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
