Calculation of Nominal Return at given Inflation Rate
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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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