5. Interest, inflation, and purchasing power Suppose Cho is an avid reader and buys only comic books. Cho deposits $3,000 in a bank account that pays an annual nominal interest rate of 506 . Assume this interest rate is fred-that is, it won't change over time. At the time of her deposit, a comic book is priced at $10.00. Initially, the purchasing power of Cho's $3.000 deposit is comic books. For each of the annual inflation rates given in the following table, first determine the new price of a comic book, assuming it rises at the rate of infiation. Then enter the corresponding purchasing power of cho's deposit after one year in the first row of the table for each inflation rate. Finaliy. enter the value for the real interest rate at each of the given inflation