Approximate and exact rates of inflation that jason is using

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Reference no: EM131985497

Jason just purchased a certificate of deposit at her local bank with a stated rate of 5.3%. Jason has had BA3500 so she knows that the real rate the CD is paying is 3.1%. What are the approximate and exact rates of inflation that Jason is using? Take your answer out four decimal places.

Approximate ____________________

Exact ________________

Reference no: EM131985497

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