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What is the inflation rate if the nominal rate of interest is 12% and the real rate of interest is 4% ? SET YOUR

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What is the inflation rate if the nominal rate of interest is 12% and the real rate of interest is 4% ? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. IF YOUR ANSWER IS 0.0524, ENTER IT AS 5.24. DO NOT ENTER THE % SYMBOL.

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