The products that cost a lot of money but are still bought due to the status and exclusivity they project are called luxury goods or status symbols.
These items are often associated with high-end brands and are seen as a display of wealth and social status. Examples of luxury goods include designer handbags, high-end watches, luxury cars, and private jets. Despite their high price tags, many people are willing to invest in these products to project a certain image and gain social recognition.
These items are typically associated with high quality, prestige, and a sense of exclusivity that appeals to consumers who are willing to pay a premium for them.
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explain demand of money
Answer:
In monetary economics, the demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits rather than investments. It can refer to the demand for money narrowly defined as M1 (directly spendable holdings), or for money in the broader sense of M2 or M3.
Explanation:
the purpose of recording a deed or other instrument (like a lien, judgement, easement, etc) affecting a parcel of real estate is to
The purpose of recording a deed or other instrument affecting a parcel of real estate is to provide public notice of the ownership and interests in the property.
Recording these documents with the appropriate government agency, usually the county recorder or clerk's office, creates a public record that can be searched by anyone who wants to learn about the ownership or history of a property.
Recording a deed transfers ownership of a property from the seller to the buyer, while recording other instruments like liens, judgments, easements, and encumbrances establishes claims or restrictions on the property. When a document is recorded, it creates a chain of title that shows how the ownership of the property has changed over time and who has claims or interests in the property.
Recording a document also serves to protect the interests of the parties involved. For example, if a buyer purchases a property and records the deed, it ensures that the buyer's ownership interest is protected from claims by third parties who may have a competing interest in the property.
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Which of these facts about a region are most helpful in understanding the region's economy? (Select four answers.) Which of these facts about a region are most helpful in understanding the region's economy? (Select four answers.) The average age of the population is 35. The area has a major shipping port. The area's schools are named after politicians. There is a major city 50 miles away from the region. The area has warm weather and ocean beaches. One of the state's senators is from this region. The area's public libraries are named after native tribes from the region.
Answer:
The area has a major shipping port.
Explanation:
The statement above gives important economic information about the area. The fact that it has a major shipping port means that the economy of region likely revolves around the port, or that port is a significant part of the economy even if it is not the most important activity.
The shipping port likely makes the region an important trade center, because ports are essentially use to import and export goods, in other words, to trade goods.
Your friends' credit scores are 560, 675, 710, 590, and 640. Your credit score is 680. What is the difference between the average credit score of your friends and your credit score?
Answer:
mine is higher by 45 points
Explanation:
Average score is the total score divided by number of entries
Average credit score = 560 + 675 + 710 + 590 +640 / 5
=3175/5
=635
friends average credit score = 635
My credit score =680.
the difference = 680-635=45 credit points
my credit score is better by 45 points
Marikina Shoe Company has expected sales of 35,000 units a year. It has an ordering cost of $5 dollars per order and carrying costs of $2 per unit. Round all your answers to the nearest whole number.
What is the economic order quantity?
What is the average inventory?
What is the total carrying costs?
What is the total inventory costs?
Assume 45 units will be required as safety stock. What will the new average inventory be? What will the new carrying cost be?
The economic order quantity is approximately 418 units.
The average inventory is approximately 209 units.
The total carrying costs are $418.
The total inventory costs are approximately $838.
The new carrying cost is $508.
To calculate the economic order quantity (EOQ), use the following formula:
EOQ = √[(2 * Ordering Cost * Annual Sales) / Carrying Cost per Unit]
Given:
Ordering Cost = $5
Carrying Cost per Unit = $2
Annual Sales = 35,000 units
EOQ = √[(2 * $5 * 35,000) / $2]
EOQ = √[(10 * 35,000) / $2]
EOQ = √[(350,000) / $2]
EOQ = √(175,000)
EOQ ≈ 418 units
The economic order quantity is approximately 418 units.
To calculate the average inventory, divide the economic order quantity (EOQ) by 2:
Average Inventory = EOQ / 2
Average Inventory = 418 / 2
Average Inventory ≈ 209 units
To calculate the total carrying costs, we multiply the average inventory by the carrying cost per unit:
Total Carrying Costs = Average Inventory * Carrying Cost per Unit
Total Carrying Costs = 209 * $2
Total Carrying Costs = $418
The total carrying costs are $418.
To calculate the total inventory costs, we need to consider both the ordering costs and the carrying costs:
Total Inventory Costs = Total Ordering Costs + Total Carrying Costs
Since the EOQ is calculated based on ordering costs, the total ordering costs will be equal to the ordering cost per order:
Total Ordering Costs = Ordering Cost * (Annual Sales / EOQ)
Total Ordering Costs = $5 * (35,000 / 418)
Total Ordering Costs ≈ $420.14
Total Inventory Costs = $420.14 + $418
Total Inventory Costs ≈ $838
The total inventory costs are approximately $838.
Now, let's calulate the new average inventory and carrying costs considering the safety stock of 45 units:
New Average Inventory = Average Inventory + Safety Stock
New Average Inventory = 209 + 45
New Average Inventory = 254 units
The new average inventory is 254 units.
New Carrying Cost = New Average Inventory * Carrying Cost per Unit
New Carrying Cost = 254 * $2
New Carrying Cost = $508
The new carrying cost is $508.
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Which of the following refers to the course that a product's sales and profits take over its lifetime? * 1 point
A) total product process
B) service life
C) product mix
D) product life cycle
The term that refers to the course that a product's sales and profits take over its lifetime is D) product life cycle. The product life cycle is a concept that describes the stages a product goes through from its introduction to the market until its eventual decline and discontinuation. It consists of four main stages: introduction, growth, maturity, and decline.
During the introduction stage, the product is launched into the market, and sales and profits are typically low as customers become aware of its existence. In the growth stage, sales and profits begin to increase as more customers adopt the product and its market share expands. The maturity stage is characterized by peak sales and profits, as the product reaches its maximum market penetration and faces intense competition. Finally, in the decline stage, sales and profits start to decline as the product becomes outdated or faces competition from newer alternatives. Understanding the product life cycle is crucial for businesses as it helps them make informed decisions regarding product development, marketing strategies, pricing, and resource allocation. By analyzing the product life cycle, companies can identify when to invest in product improvements, target new customer segments, or consider introducing new products to replace declining ones.
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A transfer of rights in a contract is called a(n).
O A. assignment
O B. delegation
O C. breach
O D. statute
Answer:
Either B or C; but i think its B
Explanation:
Answer: it’s A
Explanation:
commenter corrected the answer. I can also confirm it’s A, assignment.
What are interpersonal skills?
A.
the skills required to develop your personality
B.
the skills required to grow in your job role
C.
the overall way of portraying yourself when communicating with others
D.
the overall way you deal with conflicts
Answer:
The answer is 2
Explanation:
Answer is the letter D the overall way you deal ith conflicts
Answer:
C.
the overall way of portraying yourself when communicating with others
Explanation:
Whenever real gdp_________ declines, nominal gdp ________ must also decline.
According to the question, Whenever real GDP declines, nominal GDP must also decline.
Real GDP is an inflation-adjusted measure of a country's economic output, representing the value of goods and services produced. It takes into account changes in price levels, providing a more accurate picture of economic growth or contraction. Nominal GDP, on the other hand, is the GDP figure without adjusting for inflation. It reflects the current prices of goods and services produced. If real GDP declines, it means that the actual production of goods and services has decreased. Since nominal GDP includes the current prices of these goods and services, a decline in real GDP would also result in a decline in nominal GDP. This is because the decrease in production will be reflected in the lower value of goods and services at current prices, leading to a contraction in nominal GDP.
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Which of the following would LEAST likely be a source of a company's values and principles?
-the company's record of legal compliance
-the company's marketing campaign
-the company's code of ethics
-the owner's behaviors and priorities
-the company's mission statement
The option that would least likely be a source of a company's values and principles is "the company's marketing campaign". While marketing campaigns may reflect a company's values to some extent, they are primarily focused on promoting products or services and attracting customers.
Other options, such as the company's record of legal compliance, code of ethics, owner's behaviors and priorities, and mission statement, are more directly related to a company's values and principles as compared to company's marketing campaign which is rather not much significant source of company's values and principles as compared to other significant options mentioned above in the question.
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Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!
Which of the following means that a company took all reasonable steps to avoid a particular event? A. due process B. just cause C. due diligence D. reasonable accommodation E. preventive solutions Which of the following is a major cause of workplace stress related to career development? A. autonomy B. level of responsibility C. isolation D. job security E. workload
The term that means that a company took all reasonable steps to avoid a particular event is: due diligence.A company's exercise of care and caution before engaging in any activity is referred to as due diligence. It is the work that is required to be conducted before entering into a transaction or making a decision.
The process ensures that all necessary information and facts about the transaction are gathered, reviewed, and evaluated before any action is taken.It is necessary to carry out due diligence in order to lessen the risks related to the investment or decision and to prevent future problems.
In this context, this means that the company is taking all necessary precautions to prevent any possible problems.On the other hand, job security is a significant source of career-related stress. In this context, job security is a job's perceived stability or likelihood of long-term employment and income.
The possibility of losing employment, income, and benefits causes a lot of worry, anxiety, and tension in people. Job security-related issues, such as downsizing and restructuring, can make it difficult for workers to plan for their future and have a negative impact on their career development.
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in the past, kohl’s has been losing sales to amazon. why then would it enter into a partnership with one of its most fierce competitors?
Kohl’s will want to enter into a partnership with Amazon with hopes of increasing its store traffic by bringing Amazon customers in.
Partnership is basically the coming together of two of more companies or individual with a common goal.
Let bear in mind that Partnership is different from Acquisition or Merger because each owner is entitled to their share of profit.
Through this partnership, Kohl's and Amazon will both benefit from the arrangement.
Currently, Kohl's has a large number of physical stores which Amazon has no access to. So therefore, Kohl's will benefits from Amazon's strong online customer base.
Therefore, Kohl’s will want to enter into a partnership with Amazon with hopes of increasing its store traffic by bringing Amazon customers in.
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The following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for labor is $2,000. Fixed cost is $120,000
a.At what output does the firm reach minimum average variable cost?
b.What is AVC at its minimum?
c.When the firm uses 60 units of labor, how much output does it produce?
d.When the firm uses 60 units of labor, what is AVC at this level of output?
e.When the firm uses 100 units of labor, what is marginal cost at this level of output?
f.When the firm uses 60 units of labor, what is average total cost at this output?
The total cost at an output of 110 units is approximately $240,000. Therefore, the average total cost at this output is $240,000 / 110 = $2,181.82.
a. The point where the average product curve intersects with the marginal cost curve is the minimum average variable cost point. In the given graph, it occurs at an output level of 40 units of labor.
b. At the minimum average variable cost point, the AVC is $2,000.
c. At 60 units of labor, the output produced is 110 units.
d. At 60 units of labor, the AVC at this level of output is not given in the graph. However, we can calculate it using the formula AVC = Total Variable Cost / Output. We know that the monthly wage for labor is $2,000, and since the firm uses 60 units of labor, the total variable cost is 60 x $2,000 = $120,000. At an output of 110 units, the AVC is $120,000 / 110 = $1,090.91.
e. Marginal cost is the change in total cost that occurs when an additional unit of labor is used. At 100 units of labor, the marginal cost is approximately $2,800.
f. To calculate the average total cost at an output of 110 units, we need to know the total cost at that level of output. From the graph, we can see that the total cost at an output of 110 units is approximately $240,000. Therefore, the average total cost at this output is $240,000 / 110 = $2,181.82.
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The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing overhead totals $68,250 per quarter. Variable selling and administrative costs are $19 per quilt sold, and fixed selling and administrative costs are $50,000 per quarter. Last quarter, the company produced 910 quilts and sold 780 quilts. The total variable cost reported on Quaint Quilt's variable costing income statement is
The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020
Calculation to determine the total variable costing income statement
Using this formula
Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales
Let plug in the formula
Variable costing income statement($140 + $19) x 780 quilts sold
Variable costing income statement=$159×780 quilts sold
Variable costing income statement=$124,020
Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.
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bird brain co. reported net income of $45,200 for the year ended december 31, 2021. january 1 balances in accounts receivable and accounts payable were $23,500 and $26,000 respectively. year-end balances in these accounts were $21,300 and $29,500, respectively. assuming that all relevant information has been presented, bird brain's cash flows from operating activities would be:
Bird brain's cash flows from operating activities would be 48000.
(45000 + 1000 (reduction in A/R) + 2000 (increase in A/P))
= 48000
Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Inflows and outflows are represented by money received and spent, accordingly. Cash flow from operating activities refers to the earnings a company makes through ongoing, regular business activities like creating and selling things or providing clients with services. The three categories into which the cash flows are subdivided in the statement are operating activities, investment activities, and financing activities. The section on cash flow from operating activities details how a company raised and spent money to carry out its core functions.
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numerical values that indicate how much or how many of something
Numerical values represent quantities or measurements of something. They provide a quantitative indication of "how much" or "how many" of a particular item or attribute. These values are used to express and compare quantities, make calculations, analyze data, and draw conclusions in various fields.
In different contexts, numerical values can represent different aspects. In mathematics, they are used to perform calculations and solve equations. In statistics, numerical values are used to summarize data, calculate averages, and measure variability. In science, they quantify physical properties and phenomena, enabling precise measurements and analysis. In finance, numerical values represent monetary amounts, allowing for financial calculations and assessments. Additionally, numerical values can represent quantities in various other domains such as economics, engineering, demographics, and more.
Overall, numerical values serve as fundamental tools for quantification, enabling the measurement and comparison of quantities across different domains and facilitating analysis and decision-making processes.
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A model for the movement of a stock is as follows: If the present price of the stock is S, then after one time period it will be either (1.02)S with probability 0.52, or (0.99)S with probability 0.48. Assuming that successive movements are independent, approximate the probability that the stock's price will be up at least 30% after the next 1000 time periods.
To approximate the probability that the stock's price will be up at least 30% after the next 1000 time periods, we can use the binomial probability model. Let X be the number of times the stock increases by 1.02 (success) over 1000 time periods.
We need to find the least number of successes (k) that result in a 30% increase in stock price: (1.02)^k * (0.99)^(1000-k) >= 1.3. Solving for k, we get k ≈ 533.
Now, we can use the binomial probability formula to approximate the probability of the stock's price being up at least 30%:
P(X >= 533) = 1 - P(X <= 532) = 1 - Σ [C(1000, i) * (0.52)^i * (0.48)^(1000-i)] for i = 0 to 532
where C(1000, i) represents the binomial coefficient or the number of combinations of choosing i successes from 1000 trials. Calculating this sum can be time-consuming, but you can use statistical software or calculators to find the approximate probability.
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cosA=1/2^-1.find the value of A
Answer:
A = 60°
Explanation:
Since cosA = 1/2, to find the value of A, we take the inverse cosine of both sides.
So, cosA = 1/2
So, taking inverse cosine of both sides, we have
cos⁻¹cosA = cos⁻¹(1/2)
So, A = cos⁻¹(1/2)
Using our calculator, taking cosine inverse of one-half, we find that, cos⁻¹(1/2) = 60°
Since cos⁻¹(1/2) = 60° and A = cos⁻¹(1/2)
This implies that A = 60°
So, we find that the value of A is 60°.
Assume that a hypothetical economy with an MPC of 0.75 is experiencing a severe recession. a. By how much would government spending have to rise to shift the aggregate demand curve rightward by $40 billion How large a tax cut would be needed to achieve the same increase in aggregate demand? Determine one possible combination of government spending increases and tax increases that would accomplish the same goal without changing the amount of outstanding debt.
When there is a severe recession, obviously increasing government spending is a critical step.
What exactly is the government budget multiplier?If an increase in government spending increases total spending and GDP, then an increase in taxes must decrease total spending and GDP, and vice versa. Private spending falls when the government raises taxes. However, Keynes observed that the decrease in overall spending caused by a tax increase is not as significant as the increase in overall spending caused by the same amount of government spending increase. This is because people save a portion of their extra income (tax refunds), whereas the government spends all of its money.
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It has been reported that 40% of U.S. Workers employed as purchasing managers are females. In a simple random sample of U.S. Purchasing managers, 70 out of the 200 are females.
Answer:
a. Population proportion = 0.40b. Sample proportion = 0.35Explanation:
Question wants to know the population proportion and the sample proportion.
a. Population proportion:
The population in this case is the U.S. workers employed as purchasing managers. The proportion that we are interested in is the 40% that are female.
Population proportion is therefore 0.40.
b. The sample proportion uses the sample details not the population details:
= Number of females employed as Purchasing managers in sample / Number of Purchasing managers in sample
= 70 / 200
= 0.35
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
hello im Michal the fox how may tails i have three,two or,four
Answer:
2
Explanation:
Which of the following is a feature of seed financing? O a. The managerial involvement is very high. The company has to start up all operations Ob Money is used to finance research: The company needs money to finance the development C. Money is used to pay off debtors.
The correct option is: a. The managerial involvement is very high. The company has to start up all operations .
Seed capital is the cash raised to begin developing a thought for a business or another item.
This funding for the most part takes care of just the expenses of creating a proposition.
In the wake of securing seed financing, startups might approach financial speculators to obtain extra financing.
Some seed capital might come from angel investors — proficient investors who have a high total assets.
A company that is initially starting out may have restricted admittance to funding and different sources. Banks and different investors might be reluctant to invest in light of the fact that it has no set of experiences or laid out history, or any proportion of accomplishment. Many startup executives frequently go to individuals they know for initial investments — loved ones. This financing is alluded to as seed capital.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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What is a bank statement template?
A bank statement template is a document that outlines the transactions made in a person's bank account over a specific period of time. This document is usually provided by the bank to the account holder and can be used to track their spending habits and monitor their bank account for fraudulent activity.
A bank statement template typically includes important information such as the account holder's name, the account number, the dates of the transactions, the type of transactions, the amount of each transaction, and the current balance of the account. This information is organized in a clear and concise manner to make it easy for the account holder to review and understand.
The bank statement template is a critical tool for managing one's finances. By reviewing the template regularly, account holders can ensure that all transactions are accurate and that there are no unauthorized transactions in their account. Additionally, the bank statement template can be used to reconcile the account balance with the account holder's records and to detect any discrepancies or errors.
In summary, the bank statement template is a document that provides a record of a person's bank account transactions and is an important tool for managing finances and detecting fraudulent activity.
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If a country espouses the principles of capitalism, but does allow the government to pass legislation that regulates
some business practices, then the country is practicing
modified capitalism.
pure capitalism
laissez-faire capitalism.
free-
market capitalism.
Answer:
modified capitalism.
Explanation:
Capitalism is defined as an economic and political structure where factors of production are controlled by private individuals aimed at gaining profit. The state does not have control of trade and industry.
However in modified capitalism the government has some level of control which they exercise by regulating business activities to some extent.
On the other hand in pure capitalism all decisions related to trade and industry are determined by only private entities
Consider a town with three residents. The residents' demand curves for various acres of a public park are shown in the accompaning graphs
The public is willing to pay $14 for the acre of parkland. Multiple Choice a. 2nd b. 4th c. 6th d. 8th
The demand curves of three residents for parkland in a town are given, and the public is willing to pay $14 per acre. We need to determine the quantity of parkland demanded.
To determine the quantity of parkland demanded, we need to find the total quantity demanded at the price of $14 per acre. We can calculate this by examining the points where each resident's demand curve intersects the price line.
Looking at the graphs, we can see that the first resident's demand curve intersects the price line at 8 acres, the second resident's curve intersects at 6 acres, and the third resident's curve intersects at 4 acres. To find the total quantity demanded, we sum up these quantities: 8 + 6 + 4 = 18 acres.
Therefore, the correct answer would be the 6th option (c) - 18th acre, as it represents the total quantity of parkland demanded by the three residents at the given price of $14 per acre.
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The annual inflation rate is expected to be 5 percent over the next 3 years. Juan plans to take out a 3-year loan to purchase a car. If Juan decides not to take out a loan if the real interest rate exceeds 3 percent, the highest nominal interest rate he is willing to pay is:
The highest nominal interest rate he is willing to pay is 8.15%.
The highest nominal interest rate that Juan is willing to pay can be determined using the Fisher equation. The Fisher equation postulates that the nominal interest rate is a function of the real interest rate and the inflation rate.
Fisher effect equation : ( 1 + nominal interest rate) = (1 + real interest rate) x (1 + inflation rate)
(1.03) x (1.05) = ( 1 + nominal interest rate)
( 1 + nominal interest rate) = 1.0815
Nominal interest rate = 1.0815 - 1
Nominal interest rate = 8.15%
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