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What is the nominal interest rate

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Reference no: EM132993348

Suppose the real interest rate is 8 percent and the expected inflation rate is 3 percent.

Instructions:

What is the nominal interest rate? (Enter your answer as a whole number).

Suppose the interest rate is 4 percent. What is the future value of $500 six years from now? Enter your answer rounded to two decimal places

Reference no: EM132993348

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