jsully1835 jsully1835

11-03-2020
Business

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If the real interest rate is 3.00% per year and the expected inflation rate is 2.40%, what is the nominal interest rate according to the Fisher equation

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anthonynguyen3006 anthonynguyen3006

13-03-2020

Answer:

5.47%

Explanation:

Fisher equation:

1+ real interest rate = (1+nominal interest rate) / (1+Inflation rate)

1+0.03 = (1 + Nominal interest rate) / (1+0.024)

--> nominal interest rate = 5.47%

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