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if he is aking for the exact so the answer is 7.49 and if he is asking for the approximate nominal interest rate so the

if he is aking for the exact so the answer is 7.49 and if he is asking for the approximate nominal interest rate so the anser is 7.40
what is the correct answer
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If the real interest rate is 5.80% per year and the expected inflation rate is 160%, what is the nominal interest rate according to the Fisher equation? (Round your answer to 2 decimal places.) Nominal interest rate 740% If the real interest rate is 5.80% per year and the expected inflation rate is 160%, what is the nominal interest rate according to the Fisher equation? (Round your answer to 2 decimal places.) Nominal interest rate 740%

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