Suppose That You Lend Me $100 for a Year,and That

question 14

Multiple Choice

Suppose that you lend me $100 for a year,and that I agree to pay you $110 at the end of one year (principal plus interest) .Over the intervening year,however,the average price of goods in the economy rises by 3%.The real rate of return that you will earn on your loan to me is therefore equal to

• A)13%.
• B)greater than 13%.
• C)10%.
• D)7%.
• E)3%.

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Definitions:

Conditional Expression

A statement in programming that evaluates to true or false, determining the flow of control in a program.

Bang Notation

In programming and database management, a syntax used to refer to elements within a collection, often seen as an exclamation point (!) followed by the element name.

Value Argument

A value argument refers to an argument in programming or function calls that passes the actual value of a variable, rather than its reference.

Update Query

A type of SQL query used to modify existing records in a database table.