You currently have $200 in the bank which pays a 3% pa interest rate. Apples currently cost $1 each at the shop and the inflation rate is 6% 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: a. In 1 year the nominal apple price will be $1.06. b. The real growth rate in the apple price is expected to be 0% pa. c. In 1 year your money in the bank will be worth $212 in nominal terms. d. In 1 year your money in the bank will be worth $194.339623 in real terms. e. The real bank interest rate is -2.830189% pa.