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(Created page with "The nation of F has a unit of currency called the F. In the coming year in F, inflation is expected to be huge, 100%. Canada’s expected inflation rate for the same year is 14%. An investor in Canada can make an interest rate of 18%. What must be the interest rate in F to be equivalent to the rate in Canada? '''References''' {{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtests.html |last=Hlynka |first=Myron |website=web2.uwindsor.ca | title = University o...") |
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What must be the interest rate in F to be equivalent to the rate in Canada? | What must be the interest rate in F to be equivalent to the rate in Canada? | ||
<ul class="mw-excansopts"> | |||
<li>0.95</li> | |||
<li>1</li> | |||
<li>1.03</li> | |||
<li>1.07</li> | |||
<li>1.15</li> | |||
</ul> | |||
'''References''' | '''References''' | ||
{{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtests.html |last=Hlynka |first=Myron |website=web2.uwindsor.ca | title = University of Windsor Old Tests 62-392 Theory of Interest | access-date=November 23, 2023}} | {{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtests.html |last=Hlynka |first=Myron |website=web2.uwindsor.ca | title = University of Windsor Old Tests 62-392 Theory of Interest | access-date=November 23, 2023}} | ||
Latest revision as of 17:32, 26 November 2023
The nation of F has a unit of currency called the F. In the coming year in F, inflation is expected to be huge, 100%. Canada’s expected inflation rate for the same year is 14%. An investor in Canada can make an interest rate of 18%.
What must be the interest rate in F to be equivalent to the rate in Canada?
- 0.95
- 1
- 1.03
- 1.07
- 1.15
References
Hlynka, Myron. "University of Windsor Old Tests 62-392 Theory of Interest". web2.uwindsor.ca. Retrieved November 23, 2023.