If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be? 3/8% 5% 11% 11% To increase a given present value, the discount rate should be adjusted upward. downward. True. do nothing In a typical loan amortization schedule, the dollar amount of interest paid each period increases with each payment decreases with each payment remains constant with each payment Too Less Information to Decide