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PLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THANK YOU! If the current inflation rate is 2.7%, then the nominal rate

image text in transcribed PLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THANK YOU!

If the current inflation rate is 2.7%, then the nominal rate necessary for you to earn an 9% real interest rate on your investment is closest to: A. 19.1% B. 14.3% C. 11.9% D. 16.7%

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