Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. in 1975, interest rates were 7.85% and the rate of

In 1975, interest rates were 7.85% and the rate of inflation was 12.3% in the...

90.2K

Verified Solution

Question

Finance

image

In 1975, interest rates were 7.85% and the rate of inflation was 12.3% in the United States. What was the real interest rate in 1975? How would the purchasing power of your savings have changed over the year? (Note: Be careful not to round any intermediate steps less than six decimal places.) --- What was the real interest rate in 1975? Real rate of interest in 1975 was [ %. (Round to two decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

USE CALCULATOR AND SHOW EVERYSTEP USING CALCULATOR INCLUDING THE NUMBERS USE INPUT IN THE TEST. New...

Advance Math
1.2K views

For this activity, select a recurring quantity from your OWN life for which you have monthly...

Civil Engineering
1.2K views

describe a laboratory siphon experiment

Finance
1.2K views

Elsa is a data analytics intern at a financial firm. Her company has obtained their customers...

Physics
1.2K views

5 Sound travels at a speed of 1450 ms through water A submarine detects object...

Statistics
1.2K views

Consider the following table: ...

Algebra
1.2K views

Use the inner product (p, q) = aobo + a?b? + a2b? to find (p,...

Algebra
1.2K views

101 3 2 Which equation best represents the data shown in the scatterplot 6 8...

Accounting
1.2K views

Prepare a bank reconciliation to the correct balance as at June 30, 2020 for Oriole...

Accounting
1.2K views

The following information is available for Bonita Industries: The number of shares to be used...

Finance
1.2K views

A company is experiencing the following long-term trend on a month-over-month basis: Sales are increasing...

Accounting
1.2K views

fill in blanks The J.T. Traverse Company is well known for its Traverse...