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Andersand Cooper can earn a nominal rate of interest (R) equal to an 11% rate. If inflation is equal to 5% (h), use the Fisher
Andersand Cooper can earn a nominal rate of interest (R) equal to an 11% rate. If inflation is equal to 5% (h), use the Fisher effect to calculate Andersands real rate of interest (r). Express your answer in percentage form with TWO decimal places, and then use an example to explain to Andersand what his real rate of interest means. Everything in your own words
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