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Business, 28.01.2020 04:31 stephanieeping

Kaitlin has $10,000 of savings that she may deposit with her local bank. kaitlin wants to earn a real rate of return of at least 4 percent and she is expecting inflation to be exactly 3 percent. what is the lowest nominal interest rate that kaitlin would be willing to accept from her local bank a. 4 percent b. 5 percent c. 6 percent d. 7 percent

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