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(1 point) From the textbook: Pretend the US inflation rate had been 4.2% per year and the Argentinian inflation rate had been 32% per month.

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(1 point) From the textbook: Pretend the US inflation rate had been 4.2% per year and the Argentinian inflation rate had been 32% per month. (a) What is the yearly equivalent of Argentina's 32% monthly inflation rate? (b) What is the monthly equivalent of the US 4.2% yearly inflation rate? .93026 Hint

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