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If the nominal rate of interest is 4.14 percent and the expected rate of inflation is 1.60 percent, what is the real rate of interest?

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If the nominal rate of interest is 4.14 percent and the expected rate of inflation is 1.60 percent, what is the real rate of interest? Use the Fisher equation. (Round percentage answer to 3 decimal places, eg. 52.754%.) Real rate of interest %

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