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If the annual real rate of interest is 2.5% and the expected inflation rate is 3.7%, the nominal rate of interest would be approximately 3.7%.
If the annual real rate of interest is 2.5% and the expected inflation rate is 3.7%, the nominal rate of interest would be approximately
| 3.7%. |
| 6.2%. |
| 2.5%. |
| -1.2%. |
| none of the above. |
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
