5
477,567
0.9938% per month, when compounded is equivalent to 12.6% annually.
rose by 1 percent
The interest is 5980*1536/100*6 = 5597.28 And the total amount is 11577.28
Interest is 99.9
The dollar in your pocket is worth .99 of a dollar. also nominal interest=real interest+inflation so nominal interest goes up by 1%
The 12 percent nominal interest means that your money will increase in value by 12% in a year's time in NOMINAL terms.However, the inflation rate of 13 percent says that the cost of goods will increase faster than the value of your deposit.Hence the REAL effect is that the value of your money will fall by 1 percent.
Ok, this is my own question. This is what I came up with. can anyone confirm or correct?Maturity r = RR + IP1-YEAR 2.25% = 1.5% + X2.25% - 1.5% = .75%
3 percent
The answers are 7%, 7.33%.
477,567
0.9938% per month, when compounded is equivalent to 12.6% annually.
rose by 1 percent
rose by 1 percent
rose by 1 percent
$444.75
the nominal income rose by 3 percent