naomiramirez203 naomiramirez203

13-04-2021
Advanced Placement (AP)

contestada

In 1980, the nominal interest rate was 12 percent. In 2013, the nominal interest rate was 4 percent. From this information, can you determine if you would rather have saved $1,000 in 1980 or 2013? Explain your answer.

Respuesta :

aidynhooper22 aidynhooper22

13-04-2021

Answer:

You would rather save $1000 in 1980.

Explanation:

You would make 12% more money each year, rather than 4% more.

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