You currently have $100 in the bank which pays a 7% pa interest rate. Apples currently cost $1 each at the shop and the inflation rate is 2% pa which is the expected growth rate in the apple price. All rates are given as effective annual rates. Which of the below statements is NOT correct? Select one: O a. In 3 years the nominal apple price will be $1.154385. O b. The real growth rate in the apple price is expected to be 0% pa. O c. In 3 years your money in the bank will be worth $122.5043 in nominal terms. O d. In 3 years your money in the bank will be worth $115.438538 in real terms. e. The real bank interest rate is 4.901961% pa