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Please help solve real rate of interest, show work. If the nominal rate of interest is 4.35 percent and the expected rate of inflation is
Please help solve real rate of interest, show work.
If the nominal rate of interest is 4.35 percent and the expected rate of inflation is 1.63 percent, what is the real rate of interest? Round percentage answer to 4 decimal places.
Use Fischer equation.
Real rate of interest: _______%
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