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The rate of inflation is 2.96 percent and the nominal interest rate is 6.73 percent. Calculate the real interest rate. Group of answer choices 4.77

The rate of inflation is 2.96 percent and the nominal interest rate is 6.73 percent. Calculate the real interest rate.

Group of answer choices

4.77 percent

3.79 percent

9.52 percent

4.13 percent

3.66 percent

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