If you pay $1,980 annually on an $18,000 loan and the rate of inflation is 3 percent, then the:
A. Real rate of interest is 8 percent
B. Nominal rate of interest is 8 percent
C. Real rate of interest is 11 percent
D. Nominal rate of interest is 14 percent
A. Real rate of interest is 8 percent
You might also like to view...
Trial de novo literally means a ________ trial
Fill in the blank(s) with correct word
When the Taliban were routed in 2001, Zarqawi was suffering from a leg wound that took him to Jordan, where his leg was amputated. During his recovery in Lebanon he set up a base for his training operations, presumably with the blessing of the Lebanese regime
a. True b. False
In 2005 the Supreme Court held that Congress had no power to prohibit the possession of marijuana intended solely for personal medicinal use as authorized by state law
Indicate whether the statement is true or false
The most dramatic police strike in terms of loss of life, destruction, and public attention occurred in:
a. New York b. Chicago c. Boston d. Philadelphia