Real interest rate on your investment

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Reference no: EM131576194

1. Capital One is advertising a 60-month, 5.34 % APR motorcycle loan. If you need to borrow $6,000 to purchase your dream Harley Davidson, what will your monthly payment be?

Your monthly payment will be $. (Round to the nearest cent.)

2. If the rate of inflation is 5.9 % what nominal interest rate is necessary for you to earn a 2.6 % real interest rate on your investment?

The nominal interest rate is %. (Round to one decimal place.)

Reference no: EM131576194

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