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If the rate of inflation is 4.75%, what nominal interest rate is necessary for you to earn a 3.62% real interest rate on your investment?
If the rate of inflation is 4.75%, what nominal interest rate is necessary for you to earn a 3.62% real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.) The nominal interest rate needed for your investment is 00%. (Round to two decimal places.)
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
