Question: E Question 14, P 5-34 (sim... HW Score: 17.14%, 6 of 35 points Points: 0 of 1 If the rate of inflation is 5.6%,

E Question 14, P 5-34 (sim... HW Score: 17.14%, 6 of 35 points Points: 0 of 1 If the rate of inflation is 5.6%, what nominal interest rate is necessary for you to earn a 3.2% real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.) The nominal interest rate is %. (Round to two decimal places.)

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