nflation, nominal interest$$ rates, and real rates. Given the following$$ information, LOADING... $,$ estimate the real rate with the approximate nominal interest rate equation and the true nominal interest rate equation$($Fisher effect$)$ for each set of nominal and inflation rates.$$

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Part $1$

$$First$,$ fill in the approximate real interest rate in the following$$ table: $($Round to two decimal$$ places.$)$

Nominal Rate $11\%$

Inflation Rate $5\%$

Approximate $?$

Real Rate $?$