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Problem 5-29 Question Help If the rate of inflation is 4.2%, what nominal interest rate is necessary for you to earn a 3.2% real interest

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Problem 5-29 Question Help If the rate of inflation is 4.2%, what nominal interest rate is necessary for you to earn a 3.2% real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.) The nominal interest rate is [%. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. Clear All Check Answer All parts showing

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