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Nbspassume you just deposited 1000 into a bank account the

1. Assume you just deposited $1,000 into a bank account. The current real interest rate is 3?%, and inflation is expected to be 6?% over the next year. What nominal rate would you require from the bank over the next?year? The required nominal rate would be ?%?. (Enter your response rounded to the nearest whole?number.)

2. How much money will you have at the end of one year?

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