Suppose you deposit $1000 into a savings account for a period of 3 years. At the time of your deposit, goods cost $2.50 per unit. Three years later, you withdraw your deposit with interest, which totals $1259.71 At that time, the price of goods has increased to $3.33 per unit. a. What was the "real" value of your $1000 at the time of your deposit? b. What (per-year) nominal interest rate did your bank pay you for your deposit? c. What was the average rate of inflation over the three years that your money was sitting in the bank? d. What (per-year) real interest rate did you earn on your deposit?

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