Question: Problem 1 2 - 1 1 ( Algo ) Required: If the nominal interest rate is 9 % and the inflation rate is 3 %

Problem 12-11(Algo)
Required:
If the nominal interest rate is 9% and the inflation rate is 3%, what is the real interest rate? (Do not round intermediate calculations.
Round your answer to 2 decimal places.)
Real interest rate
%
Problem 12-11(Algo) Required: If the nominal interest rate is 9% and

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