Jack earns a one-year real rate of return of 2.45% on an investment.If inflation is 2.00% for the year,what nominal rate of return j₁ did Jack earn for the one-year period? A)4.35% B)4.40% C)4.45% D)4.50%

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The Answer of Jack earns a one-year real rate of return of 2.45% on an investment.If inflation is 2.00% for the year,what nominal rate of return j₁ did Jack earn for the one-year period? A)4.35% B)4.40% C)4.45% D)4.50%

Jack Earns a One-Year Real Rate of Return of 2