Question: how to solve this ?? This Question: 1 pt 201 Assume inflation is 0.24% per month. Would you rather eam a nominal return of 0.8%

how to solve this ?? how to solve this ?? This Question: 1 pt 201 Assume inflation

This Question: 1 pt 201 Assume inflation is 0.24% per month. Would you rather eam a nominal return of 0.8% per month, compounded monthly, or a real return of 6.58% APR compounded annually? (Note: Be careful not to round any intermediate steps less than six decimal places The annual rate for the nominal return of 0.8% per month is (Type your answer in decimal format. Round to six decimal places.) . (Type your answer in decimal format. Round to six decimal places.) The nominal annual rate for the real return of 6.58% APR is (Select from the drop-down menus.) option over the Based on a comparison of the two rates and the current inflation rate, you would prefer the option. Enter your answer in each of the answer boxes. Save for Later

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!