Question: Please help solve. I will leave a thumbs up! If the rate of inflation is 4.5%, what nominal interest rate is necessary for you to

Please help solve. I will leave a thumbs up!

If the rate of inflation is 4.5%, what nominal interest rate is necessary for you to earn a 3.4% 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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