For a real interest rate of 12% per year and an inflation rate of 7% per year,

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For a real interest rate of 12% per year and an inflation rate of 7% per year, the market interest rate per year is closest to:

(a) 5.7%

(b) 7%

(c) 12%

(d) 19.8%

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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