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Suppose that you want to take out a loan and that your local bank wants to charge you an annual real interest rate equal to

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Suppose that you want to take out a loan and that your local bank wants to charge you an annual real interest rate equal to 3%. Assuming that the annualizon expected rate of inflation over the life of the bond is 1%. determine the nominal interest rate that the bank will charge you, The bank will charge you a nominal interest rate of%

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