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If the rate of inflation is 5.6 %, what nominal interest rate is necessary for you to earn a 3.7 % real interest rate on
If the rate of inflation is 5.6 %, what nominal interest rate is necessary for you to earn a 3.7 % 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 nothing%. (Round to two decimal places.)
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