If you want to receive a 7% inflation-free return on your investment and you expect inflation to
Question:
If you want to receive a 7% inflation-free return on your investment and you expect inflation to be 9% per year, what actual interest rate must you earn?
(a) 16%
(b)−2%
(c) 1%
(d) 7%
(e) 9%
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Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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