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Solution Library
Calculation of Nominal Return at given Inflation Rate
Question
Harun bought an investment three years ago and just recently calculated his return on investment. He found that his purchasing power has decreased by 8% as a result of his investment. If inflation over the period was 3.5% what was the investor's approximate nominal return?
Summary: This question belongs to finance and discusses about nominal return on a given investment.
Total word count: 10
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