Multiple Choice
Sindee wants to make an investment that will have a real growth rate of 9%. If the current inflation rate is 1.97%, what annual interest rate will she need to get on her investment to accomplish her goal?
A) 8.50%
B) 7.63%
C) 11.15%
D) 12.82%
Correct Answer:
Verified
Correct Answer:
Verified
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