Additional Problem 5-8 Required: If the real interest rate is 6.50% per year and the expected inflation rate is 1.80%, what is the nominal interest rate according to the Fisher equation (approximated)? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Nominal interest rate 8.42

8. Additional Problem 5-8 11.11 DO Required: If the real interest rate is 6.50% per year and the expected inflation rate is 1.80%, what is the nominal interest rate according to the Fisher equation (approximated)? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Nontline interest rate 8:42