You earned a nominal rate of return equal to 1170 on your, Financial Management

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You earned a nominal rate of return equal to 1170 on your

You earned a nominal rate of return equal to 11.70% on your investments last year. The annual inflation rate was 1.70%.

a. What was your approximate real rate of return? (Round your answer to 2 decimal places.)

Approximate real rate of return %

b. What was your exact real rate of return? (Round your answer to 2 decimal places.)

Real rate of return %

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