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If the rate of inflation is 4 . 5 % , what nominal interest rate is necessary for you to earn a 2 . 3

If the rate of inflation is 4.5%, what nominal interest rate is necessary for you to earn a 2.3% real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.)
The nominal interest rate is
enter your response here%.(Round to two
places.)

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