Using the Taylor Rule equation and the following values given:

t = the actual annual expected inflation rate at time t = .05%

* = the target annual inflation rate = 2.0%

yt = the actual annual GDP growth rate at time t = .35%

y* = the potential annual GDP growth rate = 2.5%

r * = the neutral real fed funds rate = 2.0%

= .5

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Derive the (iFFn*) (nominal fed funds target rate at time t*).