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If inflation is anticipated to be 3.90 percent during the next year, while the real rate of interest for a one-year loan is 2.30 percent,

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If inflation is anticipated to be 3.90 percent during the next year, while the real rate of interest for a one-year loan is 2.30 percent, then what should the nominal rate of interest be for a one-year loan? (Note: use the Fisher equation NOT the simplified Fisher equation) 7.61 percent 6.29 percent 5.09 percent 7,30 percent

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