Answer:
The real risk free rate is 3.8%
The exact risk-free rate is 3.68%
Explanation:
The interest rate on the Treasury bills is usually a combination of real risk free rate and inflation rate to compensate investors for average inflation in the economy during the instrument lifetime which equals nominal risk-free rate.
nominal risk-free rate = real risk-free rate+inflation rate
nominal risk-free rate=7%
inflation rate=3.2%
real risk-free rate=7%-3.2%
real risk-free rate=3.8%
The exact real risk-free rate can be computed thus:
nominal rate+1=(real risk-free rate+1)*(inflation rate+1)
real risk-free rate=(nominal rate+1)/(inflation rate+1)-1
real risk free rate=(1.07/1.032)-1
real risk-free rate=0.036821705
real risk-free rate=3.68%
In a typical resume, you will find first, your name and contact information. after that, you will be putting your educational background meaning what high school and university you graduated from. This will be followed by your work experience meaning all the jobs that you have been in whether part time or full time. next, you will be putting all of the organizations that you join whether they be during your high school year or college year. After that, you will list down some of the research papers you made. Lastly, you will be listing down some of your skills and your best personality traits
Solution:
Pick some smart number for x,
let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).
From January to April, inclusive 4x=8 brooms were produced and
in May the company paid for storage of 8-1 =7 brooms,
in next month for storage of 6 and so on.
So the total storage cost would be:
= 1 ∗ (7+6+5+4+3+2+1+0)
= 28
--> as x=2 , then 28 = 14x
So the answer is 14x