This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Chloe has a 15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 ... (Read 115 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
Chloe has a 15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent, what is the real interest rate paid on the loan?
 
  A) 2.67 percent B) 3 percent C) 8 percent D) 11 percent E) 5 percent

Question 2

According to the new growth theory, ________ is the factor that motivates technological change.
 
  A) diminishing returns
  B) random chance
  C) decisions about how much human capital to acquire
  D) profit
  E) the replication of activities


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


Diane

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
:D TYSM

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ... Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ...
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
How to convert percent to decimals to fractions How to convert percent to decimals to fractions
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: ribosome

For a complete list of videos, visit our video library