Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. If you expect inflation rate to be 5 percent or lower, then calculate the real interest rate you are expecting to earn.

Real interest rate= 3%

Step-by-step explanation:

Giving the following information:

Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. The inflation rate is 5 percent.

The effect of the inflation rate on the interest rate is counterproductive. The inflation rate diminishes purchasing power.

Real interest rate= nominal interest rate - inflation rate

Real interest rate= 0.08 - 0.05= 0.03

$20.01

step-by-step explanation:

the sale price is (1.00 - 0.77)($87), or 0.23($87), or $20.01.

according to the triangle sum theorem, all the angles in a triangle must add up to 180 degrees. if we know one angle is already 90, we do 180-90=90. the other 2 angles must add up to 90, exactly.

step-by-step explanation: