Question: show stepsdo not use excel 3) Solve the following problems involving real rates of return and interest. a) Find ireal with 5.5% interest and 2.25%

show stepsdo not use excel  show stepsdo not use excel 3) Solve the following problems involving

3) Solve the following problems involving real rates of return and interest. a) Find ireal with 5.5% interest and 2.25% inflation. b) An account pays a 3.75% real interest rate. Find the rate of interest paid during a year when inflation is 1.95%. c) An account pays a 6.2% real rate of return. If $13100 is deposited on January 1,2018 and the account has an AV of SI3,416 on December 31,2019 find the average annual effective inflation rate of the two years 2018-9. d) Jon has $12500 today. If he invests his money at 6% interest and inflation is 2% per year, when will his purchasing power be twice what it is today? 3) Solve the following problems involving real rates of return and interest. a) Find ireal with 5.5% interest and 2.25% inflation. b) An account pays a 3.75% real interest rate. Find the rate of interest paid during a year when inflation is 1.95%. c) An account pays a 6.2% real rate of return. If $13100 is deposited on January 1,2018 and the account has an AV of SI3,416 on December 31,2019 find the average annual effective inflation rate of the two years 2018-9. d) Jon has $12500 today. If he invests his money at 6% interest and inflation is 2% per year, when will his purchasing power be twice what it is today

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