Logan is conducting an economic evaluation under inflation using the then-current approach. If the inflation rate is

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Logan is conducting an economic evaluation under inflation using the then-current approach. If the inflation rate is \(j\) and the real time value of money rate is \(d\), which of the following is the interest rate he should use for discounting the cash flows?

a. \(j\)

b. \(d\)

c. \(j+d\)

d. \(j+d+d j\)

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