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If the current inflation rate is 3.9%, then the nominal rate necessary for you to earn an 7.5% real interest rate on your investment is

If the current inflation rate is 3.9%, then the nominal rate necessary for you to earn an 7.5% real interest rate on your investment is closest to:

a) 18.7%

b) 11.7%

c) 16.4%

d) 14%

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