2.Using the Fischer Equation what is the nominal rate of interest if the real rate is 1.6% and expected inflation is 2.3%? O A. 0.700% B. 3.680% C. 3.900% D. 3.936% 6. Suppose you have $500 to invest and you believe that you can earn 8% per year over the next 11 years. How much interest will you have earned in Total simple interest (not total balance) at the end of 11 years? O A. $1,086.09 OB. $ 40.00 OC. $ 500.00 OD. S 600.00 E. S 440.00