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Save buyin omework: Chapter 5 Homework core: 0 of 1 pt 3 of 4 (4 complete) HW Score: 56.82%, 2.27 of 4 pts P 5-34

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Save buyin omework: Chapter 5 Homework core: 0 of 1 pt 3 of 4 (4 complete) HW Score: 56.82%, 2.27 of 4 pts P 5-34 (similar to) Question Help If the rate of inflation is 4.8%, what nominal interest rate is necessary for you to earn a 4% real interest rate on your investment? (Note: Be careful not to round any intermediate stops loss than six decimal places) The nominal interest rate is 8.9% (Round to two decimal places.)

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