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If the inflation rate is 3%, under which of the following real interest rates would...

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Question

Accounting

If the inflation rate is 3%, under which of the following real interest rates would you be able to earn at least a nominal interest rate of 5.5% on your investment?

Group of answer choices

A. 1.94%

B. 2.88%

C. 3.21%

D. Both (B) and (C) can work.

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