On a recent trip to a local orchard, the nomial family picked four different kinds of apples - braeburn, cortland, fuji, and rome. when they were done, they discovered that they had picked: a total of 360 apples, twice as many braeburn as fuji, twice as many cortland as rome, 50% more fuji than rome.

Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?