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Hatshy [7]
2 years ago
5

Mary expects the inflation rate to be 5 percent, and she is willing to pay a real interest rate of 3 percent. Joe expects the in

flation rate to be 5 percent, and he is willing to lend money if he receives a real interest rate of 3 percent. If the actual inflation rate is 6 percent and the loan contract specifies a nominal interest rate of 8 percent, then:
Business
1 answer:
OleMash [197]2 years ago
8 0

Answer:

55

Explanation:

correct

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