Calculate the real interest rate per month if the nominal inflation-adjusted interest rate per year, compounded monthly,

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Calculate the real interest rate per month if the nominal inflation-adjusted interest rate per year, compounded monthly, is 18% and the inflation rate per month is 0.5%.

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:24 AM

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Calculate the real interest rate per month if the nominal inflation-adjusted interest rate per year, compounded monthly,

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Engineering economy

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