12 points You loaned money out last year at a stated rate of 16%. Assume...
90.2K
Verified Solution
Link Copied!
Question
Finance
12 points You loaned money out last year at a stated rate of 16%. Assume the inflation rate last year was 3.4% a. What was your real return? (do not use the approximation method). (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 12.34.) a. Reat return % 8 00:59:36 b. What formula did you use to calculate your answer in part a? (Write the number you used from your Formula Sheet.) b. Formula number
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
