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2. Paul just graduated fom college and landed a job that pays $23,000 per year. Assume that inflation averages 1.96 percent per year. What nominal

2. Paul just graduated fom college and landed a job that pays $23,000 per year. Assume that inflation averages 1.96 percent per year. What nominal rate will Paul need to earn in the fiture to maintain a 2-percent real return rate

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