Homework: Chapter 5 Homework Score: 0 of 1 pt 6 of 6 (1 complete) > HW Score: 0%, 0 of P 5-34 (similar to) 3 Question Help If the rate of inflation is 4.7%, what nominal interest rate is necessary for you to earn a 3.1% real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.) The nominal interest rate is %. (Round to two decimal places.)