The Consumer Price Index Was 200 in 2008 and 190

question 51

Multiple Choice

The consumer price index was 200 in 2008 and 190 in 2009.The nominal interest rate during this period was 4.5 percent.What was the real interest rate during this period?

• A)- 0.75 percent
• B)- 0.5 percent
• C)9.5 percent
• D)9.75 percent

Calculate the purchase price of an item based on down payment, monthly payments, and interest rate.

Determine total interest paid on loans and investments over time.

Understand and calculate the nominal rates of interest for various compounding periods.

Calculate the population growth or decline rates and predict population changes over time.