Joao wants to earn a real annual interest rate on his investment of at least 8%. If the annual rate of inflation is 4%, what is the minimum nominal rate of interest Joao would be willing to accept on his investment? (Write your answer in percentage. If your answer is 0.3, then write 30, do not add %)

Joao wants to earn a real annual interest rate on his investment of at least 8%. If the annual rate of inflation is 4%, what is the minimum nominal rate of interest Joao would be willing to accept on his investment? (Write your answer in percentage. If your answer is 0.3, then write 30, do not add %)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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