Suppose You Lend $5000 to Your Brother for One Year

question 39

Multiple Choice

Suppose you lend $5000 to your brother for one year at a nominal interest rate of 7%.Inflation during that year is 4%.As a result,you will receive ________ at the end of the year.

• A) $5150
• B) $5225
• C) $5350
• D) $5550

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Definitions:

Tertiary Aging

The progression of changes in an individual that are due to disease, rather than due to normal aging or genetics.

Lifespan

The length of time a living being, especially a human, exists from birth to death.

Healthy Life Expectancy

The average number of years that an individual is expected to live in a state of good health, subtracting years of ill health adjusted for severity.

Population Density

A measurement of the number of individuals living per unit area.