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Assume inflation is 0.16% per month. Would you rather eam a nominal return of 0.71% per month, compounded monthly, or a real return of 6.55%

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Assume inflation is 0.16% per month. Would you rather eam a nominal return of 0.71% per month, compounded monthly, or a real return of 6.55% APR, compounded annually? (Note: Be careful not to round any intermediate steps less than six decimal places.) The annual rate for the nominal return of 0.71% per month is. (Type your answer in decimal format. Round to six decimal places.) The nominal annual rate for the real return of 6.55% APR is. (Type your answer in decimal format. Round to six decimal places.) (Select from the drop-down menus.) option over the option. Based on a comparison of the two rates and the current inflation rate, you would prefer the Next

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