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If the rate of inflation is 5.59%, what nominal interest rate is necessary for you to earn a 2.09% real interest rate on your investment?
If the rate of inflation is 5.59%, what nominal interest rate is necessary for you to earn a 2.09% 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 \%. (Round to two decimal places.)
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
14th Edition
0137943601, 9780137943609
