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QUESTION
You earned a nominal rate of return equal to 10.50% on your investments last year. The annual inflation rate is 2.
Helo please help need clear work show all calculations thank you....
You earned a nominal rate of return equal to 10.50% on your investments last year. The annual inflation rate is 2.60%
1) what was your approximate real rate of return ( round to two decimals)
2) what was your exact real rate of return ( round to two decimals)
