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You currently have $200 in the bank which pays a 9% pa interest rate. Apples currently cost $1 each at the shop and the inflation

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You currently have $200 in the bank which pays a 9% pa interest rate. Apples currently cost $1 each at the shop and the inflation rate is 10% 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 3 years the nominal apple price will be $1.331. b. The real growth rate in the apple price is expected to be -0.909091% pa. C. In 3 years your money in the bank will be worth $259.005803 in nominal terms. d. In 3 years your money in the bank will be worth $194.594892 in real terms. e. The real bank interest rate is -0.909091% pa

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