Assume the real rate of return is 457 and the inflation, Financial Management

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Assume the real rate of return is 457 and the inflation

1. Suppose you deposit $2,615.00 into an account today. In 7.00 years the account is worth $3,541.00. The account earned ____% per year.

2. Suppose you deposit $1,130.00 into an account today that earns 12.00%. It will take ___ years for the account to be worth $2,759.00.

3. Assume the real rate of return is 4.57% and the inflation rate is 6.70%. Find the nominal rate of return using the exact formula.

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Financial Management: Assume the real rate of return is 457 and the inflation

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