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Devi invests $4,000 at 2.75% compounded quarterly. The effective annual inflation rate i = 1.00%. What is the effective annual real rate rreal? (Give your

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Devi invests $4,000 at 2.75% compounded quarterly. The effective annual inflation rate i = 1.00%. What is the effective annual real rate rreal? (Give your answer to 3 decimal places. Write 3.456% as 3.456 not 0.03456.)

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