Suppose you want to invest some money in the bank currently, Ask an Expert

Economics

Suppose you want to invest some money in the bank. Currently, the bank is paying a rate of 5.5% compounded annually. Assume inflation is expected to be 4.5% per year. After taking inflation into account, what is the real interest rate the bank paying?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845318

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