For a real interest rate of 1% per month and an inflation rate of 1% per month,

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For a real interest rate of 1% per month and an inflation rate of 1% per month, the nominal inflated interest rate per year is closest to:

(a) 1%

(b) 2%

(d ) 24.12%

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 26, 2018 07:35 AM

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For a real interest rate of 1% per month and an inflation rate of 1% per month,

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Engineering Economy

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