Realieeee15
08.09.2020 •
Mathematics
Oscar has received a $4,000 gift and is looking for a bank to start a savings account. Which option
would be the best for him at a current inflation rate of 1.5%?
A nominal interest rate of 5%
A real interest rate of 5%
A real interest rate of 3%
A nominal interest rate of 3%
Solved
Show answers
More tips
- H Health and Medicine When can it be said that a person has a normal pulse?...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
- H Health and Medicine How to perform artificial respiration?...
- H Health and Medicine 10 Tips for Avoiding Vitamin Deficiency...
- F Food and Cooking How to Properly Cook Buckwheat?...
- F Food and Cooking How Many Grams Are In a Tablespoon?...
- L Leisure and Entertainment Carving: History and Techniques for Creating Vegetable and Fruit Decorations...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
Answers on questions: Mathematics
- M Mathematics How do I find the 4th side of a trapezoid when I am using polynomials for the sides...
- M Mathematics Complete this equation ...
- H History Summarize the impact and achievements of the american indian association and the national farm workers association....
- B Business the which appears at the beginning of a report, identifies the report and contains the report title, date, and other necessary information....
- M Mathematics Someone please help with this i ve been asking for an hour! I will mark brainliest if correct!! explain...
- E English Which sentence best summarizes the purpose of the brooklyn bridge 60,000 ton achorages?...
Ответ:
The best option for him would be a real interest rate of 5%.
Step-by-step explanation:
The nominal interest rate is the one that represents the percentage of increase of the money that is in a certain investment, without discounting the depreciation due to inflation or the payment of taxes.
On the other hand, the real interest rate is the one that represents the real increase in the money invested, after discounting inflation and any taxes to be paid.
Therefore, the best option for Oscar would be to invest his $ 4,000 in a savings account with a real interest rate of 5% per year.
Ответ:
HOPE THAT WILL HELP YOU