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ance F21 Nancy Bower Assignment 3A-Graded Hed Gradebook External Remaining Time: 09:57:29 If the nominal interest rate is 9% and the inflation rate is

ance F21 Nancy Bower Assignment 3A-Graded Hed Gradebook External Remaining Time: 09:57:29 If the nominal interest rate is 9% and the inflation rate is 2.9%, what is the real interest rate? Use the exact formulation rather than the approximation. Enter your answer as a percentage. Do not enter the percentage sign as part of your answer. Enter your response below (rounded to 2 decimal places). Number % M AM SX

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