For a real interest rate of 1% per month and an inflation rate of 1% per month, calculate the MARKET interest rateper year(or APR). Please work out the problem, do not use excel. If you must use excel please show formulas and all inputs into excel thank you!

For a real interest rate of 1% per month and an inflation rate of 1% per month, calculate the MARKET interest rateper year(or APR). Please work out the problem, do not use excel. If you must use excel please show formulas and all inputs into excel thank you!

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 7SQP

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For a real interest rate of 1% per month and an inflation rate of 1% per month, calculate the MARKET interest rateper year(or APR).

Please work out the problem, do not use excel. If you must use excel please show formulas and all inputs into excel thank you!

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