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Leni [432]
3 years ago
14

Bill lends Joann​ $1,000 for a year at a nominal interest rate of 6​%. If both Bill and Joann expect the inflation rate to be 3​

% next​ year, then the real rate of interest is
Business
1 answer:
Kamila [148]3 years ago
7 0

the answer would be 3%


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