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rbrummitt8029
19.02.2020 •
Business
Money is invested in a savings account with a nominal interest rate of 2.4% convertible monthly for three years. The rate of inflation is 1.5% for the first year, 2.8% for the second year, and 3.4% for the third year. Find the percentage of purchasing power lost during the time the money is invested; that is, find p so that if you could purchase exactly u units at the time the money was invested, three years later you could purchase u(1 ? 0.01p).
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Ответ:
real rate of return -0.48%
if before I could purchase X units now I purchase X*(1 - 0.0048)
Explanation:
We solve using the fishcer model:
As we have more than one inflation period we multiply each other as it was a succession of interest
real rate -0.004777527 = -0.48%
Ответ: