Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effec… Show more Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 50%. (a) What percent interest will you earn each month? (b) Suppose the weekly infation rate in Zimbabwe is 1%. What is the yearly infation rate? (c) What is the real interest rate on your Zimbabwean bank account? Use the exact formula and not the approximation. • Show less