Multiple Choice
Charles wants to make an investment that will have a real growth rate of 8%. If the current inflation rate is 1.3%, what annual interest rate will he need to get on his investment to accomplish his goal?
A) 8.65%
B) 9.40%
C) 14.67%
D) 15.82%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q66: Use the geometric series formula to
Q67: Joe wants to make an investment that
Q68: Buck bought a house in 1967 for
Q69: You would like to invest an amount
Q70: In Questions make the assumption that the
Q72: Brad invests in a savings account that
Q73: In 2000, Patti had the choice to
Q74: In Questions make the assumption that the
Q75: Merrie borrowed $1000 from her parents, agreeing
Q76: A man borrowed $29,000 for two years