Nominal rate would you require from the bank over next year

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Assume you just deposited $1000 into a bank account. The current real interest rate is 2?%, and inflation is expected to be 7?% over the next year. What nominal rate would you require from the bank over the next? year?

The required nominal rate would be__%

you will have $___ at the end of the year

Reference no: EM131424629

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