ULOLIVII T JU PUILILI Refer to the hypothetical data in the table to answer the the following questions. Nominal Real Year interest interest Inflation rate rate rate 2017 3% 2% 2018 3% 3% 2019 2% 6% 1. What was the real interest rate in 2017? 2. What was the inflation rate in 2018? 3. What was the nominal interest rate in 2019? 4. If you can barrow 1000 for a project at the 2019 nominal rate you just identified, and that project had an internal nominal rate of return of 6% would you have been better off investing your money in a different project? 5. When the inflation rate is 8%, what implication does that have for your investments?