Lexi Earns a Nominal Rate of Return of 12

question 86

Multiple Choice

Lexi earns a nominal rate of return of 12.2% this year on her investment.If inflation is calculated at 2.1% for the year,what is her approximate real rate of return for the year?

• A)14.3%
• B)2.1%
• C)10.1%
• D)12.2%

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Definitions:

Christian Church

A religious institution centered on the teachings of Jesus Christ and the Bible, spanning various denominations worldwide, with significant influence on culture, politics, and society.

Vestibule Area

An entrance or a lobby area outside the main part of a building, serving as an antechamber or a waiting area.

Narthex

An architectural space, typically at the western entrance of a church, serving as a vestibule or antechamber to the nave.

Santa Costanza

An ancient church in Rome, Italy, noted for its central plan and early Christian mosaics, originally built as a mausoleum for Constantina, the daughter of the Roman Emperor Constantine.