14. Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8...
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14. Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. If you expect inflation to be 5 percent or lower, then you are expecting to earn a real interest rate of at least
a. 1.6 percent.
b. 3 percent.
c. 4 percent.
d. 5 percent.
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