In May 2021, X Bank in the US was offering 19% interest for one-year dollar deposits. (Y
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Question:
a)The real interest rate using the approximation formula is ..?
b)The real interest rate using the %100 correct formula is ..?
(CPI in May2021 is 532,3 and CPI in May2022 is 904,8)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: