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9.2) The bank is paying 11.72% compounded annually. The inflation is expected to be 15.11% per year. What is the inflation rate? Enter your answer

9.2) The bank is paying 11.72% compounded annually. The inflation is expected to be 15.11% per year.

What is the inflation rate?

Enter your answer as percentage, without the % sign. Provide 2 decimal places. For example, if 12.34%, enter: 12.34

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