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Assume that the real rate of interest is 3.37 percent and the anticipated percentage change in price levels over the life of the loan contract

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Assume that the real rate of interest is 3.37 percent and the anticipated percentage change in price levels over the life of the loan contract is 8.20 percent. What is the nominal interest rate for the contract? (For this problem we will be using a simplifying version of Fisher equation - formula 4.1 in the textbook Financial Institutions, Markets and Money). Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer: Answer units

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