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Please solve without using excel, thankyou?! If the rate of inflation is ( 4.2 % ), what nominal interest rate is necessary for you to

Please solve without using excel, thankyou?! If the rate of inflation is \( 4.2 \% \), what nominal interest rate is necessary for you to earn a \( 2.4 \% \) real interest rate on your investment? (Note: Be careful not to round any intermediate 2 answers

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