Assume the nominal Interest rate is on a 1 year CD is 12% and you expect Inflation to be 8% over the coming Year. Calculate the real rate of return by using : (a) Approximate formula. (b) Actual formula.
November 26, 2022
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Assume the nominal Interest rate is on a 1 year CD is 12% and you expect Inflation to be 8% over the coming Year. Calculate the real rate of return by using : (a) Approximate formula. (b) Actual formula.
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