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Assume inflation rate is 0.2% per month. You have two choices A, or B. A) Nominal rate of 0.75% per month, or B) A real

Assume inflation rate is 0.2% per month. You have two choices A, or B.

A) Nominal rate of 0.75% per month, or

B) A real rate of 6.5% APR, compounded annually?

How much is the cheaper Nominal Effective Annual Rate given A or B

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