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Issume inflation is 0.17% per month. Would you rather earn a nominal return of 0.7% per month, compounded monthly, or a real return of 6.44%

image text in transcribed Issume inflation is 0.17% per month. Would you rather earn a nominal return of 0.7% per month, compounded monthly, or a real return of 6.44% APR, compounded annually? (Note: Be careful not o round any intermediate steps less than six decimal places.) The annual rate for the nominal return of 0.7% per month is (Type your answer in decimal format. Round to six decimal places.)

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