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Suppose you invest $180,000 today and in7years have $240,000. At the time of your investment the Consumer Price Index (CPI) is118. Assume that in7years the

Suppose you invest $180,000 today and in7years have $240,000. At the time of your investment the Consumer Price Index (CPI) is118.

Assume that in7years the CPI is151.(answer to two decimals; eg, 12.34%)

a. What is your nominal annual rate of return?

b. What is your real annual rate of return?

c. What is the average annual inflation rate?

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