Suppose sally borrows $1,000 from harry for one year and agrees to pay a nominal interest rate of 11%. when she borrows the money, both she and harry expect an inflation rate of 3%. 1st attempt part 1 (1 point)see hint the expected real interest rate on the loan is %. part 2 (1 point)see hint suppose that when sally pays back the loan after one year, the actual inflation rate turns out to be 8%. the actual real interest rate on the loan is %. part 3 (2 points)see hint a. if the inflation rate turned out to be higher than expected, then . b. but if inflation turned out to be lower than expected, then .

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.