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Today Jim has enough money to buy fifteen 12-packs of Coke Zero at $6.00 each. If he chooses to invest his money instead and wants

Today Jim has enough money to buy fifteen 12-packs of Coke Zero at $6.00 each. If he chooses to invest his money instead and wants to buy sixteen 12-packs next year, what PRECISE or TRUE nominal rate would Jim have to earn to be able to purchase sixteen 12-packs next year if he expects the price of Coke Zero to go up by 3%

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