Multiple Choice
Suppose John deposits some money in an investment account that offers 5% interest rate per year. Annual inflation is expected to be 3.5% over the next 5 years. What is the inflation rate per half a year?
A) 1.50%
B) 1.73%
C) 1.75%
D) 1.78%
E) 1.80%
Correct Answer:
Verified
Correct Answer:
Verified
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