Josh wants to determine the rate of return he needs to earn in order to net a real rate of return of 7% when expected inflation is 4%. What nominal rate of return would Josh need to earn? (Show all work.)

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The Answer of Josh wants to determine the rate of return he needs to earn in order to net a real rate of return of 7% when expected inflation is 4%. What nominal rate of return would Josh need to earn? (Show all work.)

Josh Wants to Determine the Rate of Return He Needs