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Business, 11.03.2020 17:01 miyayo

If the rate of inflation is 5 %, what nominal interest rate is necessary for you to earn a 2.4 % real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.)

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If the rate of inflation is 5 %, what nominal interest rate is necessary for you to earn a 2.4 % rea...
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