Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. suppose you earned nominal return of 7 percent on

Suppose you earned nominal return of 7 percent on your investment last year. If the...

70.2K

Verified Solution

Question

Finance

image
Suppose you earned nominal return of 7 percent on your investment last year. If the inflation rate last year was 2.5 percent, what was your real rate of return on this investment? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)

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!
Become a Member

Other questions asked by students

Q

Add the given vectors by components A 366 8A 237 2 B 229 08 299...

Basic Math
Q

What do you think Donald Trump’s presidency means to the solution of some of the relevant...

Psychology
Q

assume that the data are stored in variable names x and y. write a matlab code...

Mechanical Engineering
Q

Particles P and Q are undergoing uniform h orizontal circular motion along concentric ci rcles...

Physics
Q

estion 16 1 point ind the indicated probability survey of American women who were asked...

Statistics
Q

Find f 2 for the piece wise function f x 2x 1 ifx 1 x...

Algebra
Q

ABC Ltd has an aggressive research and development programme and uses target...

Accounting
Q

Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three...

Accounting
Q

The information on the following page was obtained from the records of Breanna, Inc.: Accounts...

Accounting
Q

Sunland Co. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 3%...

Accounting
Q

On September 1,2023, Marin Inc. sold goods to Bramble Corp., a new customer. Before shipping...

Accounting
Q

Franco hired Layla as Laboratory Instructor in Mobile Legends University. During a class experiment, Layla...

Finance