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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 16
If the market interest rate is 16% per year when the inflation rate is 9% per year, the real interest rate is closest to:
A) 6.4%
B) 7%
C) 9%
D) 15.6%
A) 6.4%
B) 7%
C) 9%
D) 15.6%
Explanation
Verified
Verified
i is interest rate,
f is infla...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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