Janelle wrote 23.4 for
the product of 7.8 x 0.3. use number
sense to decide if janelle placed the
decimal point in the correct place in
the product. if it is incorrect, give the
correct product.

Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?