Andrea is upset because her bank does not compound interest continuously. Instead, they use a nominal discount rate of 3% compounded quarterly. To what rate of continuous compounding is that equivalent? (Leave your answer in percent form. Round your answer to hundredth of a percent.) Question 17 Inflation is forecast to be at an annual rate of 5% for the next year. (a) What will the real rate of interest be if the forecast holds true, and the stated effective rate for the year is 6.7% ? % (Leave your answer in percent form. Round your answer to hundredth of a percent.) (b) In part (a), what will the real rate be if the annual rate of inflation is 7.1% ? % (Leave your answer in percent form. Round your answer to hundredth of a percent.)