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Given the following information, estimate the nominal/real interest rate with the approximate nominal interest rate equation with the true nominal interest rate equation for each

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Given the following information, estimate the nominal/real interest rate with the approximate nominal interest rate equation with the true nominal interest rate equation for each set of nominal/real and inflation rates. Real Rate Inflation Rate Approximate Nominal Rate True Nominal Rate 3.0% 5.0% 8.0% 15.0% 1.0% 4.0% 2.5% 3.5% Nominal Rate Inflation Rate Approximate Real Rate True Nominal Rate 13.0% 5.0% 8.0% 2.0% 21.0% 14.0% 4.0% 7.0%

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