You have invested 15000 at a nominal rate of 8 what will be, Business Economics

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You have invested 15000 at a nominal rate of 8 what will be

You have invested $15,000 at a nominal rate of 8%.

a) What will be the nominal value of your investment after 15 years?

b) If inflation averages 4% over the next 15 years, what will be the real value of your investment after 15 years?

c) What will be the average annual real rate of return on your investment?

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Business Economics: You have invested 15000 at a nominal rate of 8 what will be

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