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On January 1,2004,anna Invested $5,000 at 5% Interest for One

Question 125
Multiple Choice

On January 1,2004,Anna invested $5,000 at 5% interest for one year.The CPI on January 1,2004 stood at 1.60.On January 1,2005,the CPI was 1.68.The real rate of interest earned by Anna was ______ percent. A)-5 B)0 C)5 D)8

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Q 126
On January 1,2004,Edward invested $10,000 at 5% interest for one year.The CPI on January 1,2004 stood at 1.60.On January 1,2005,the CPI was 1.76.The real rate of interest earned by Edward was ______ percent. A)-5 B)0 C)5 D)10
Q 127
Samantha is lending Jack $1,000 for one year.The CPI is 1.60 at the time the loan is made,and they both expect it to be 1.68 in one year.If Samantha and Jack agree that Samantha should earn a 3% real return for the year,the nominal interest rate on this loan should be ______ percent. A)3 B)5 C)8 D)11
Q 128
Marge is lending Martin $1,000 for one year.The CPI is 1.60 at the time the loan is made.They expect it to be 1.76 in one year.If Marge and Martin agree that Marge should earn a 3% real return for the year,the nominal interest rate on this loan should be ______ percent. A)3 B)7 C)13 D)16
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