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dem82 [27]
3 years ago
13

You lend $5,000 to a friend for one year at a nominal interest rate of 10%. Inflation during that year is 5%. As a result, you w

ill receive ________ at the end of the year, but that money has a purchasing power of ________. Group of answer choices $6,000; $5,500 $5,100; $5,050 $5,050; $5,025 $5,500; $5,250
Business
1 answer:
blondinia [14]3 years ago
6 0
The first would would be $5,500 and then the last space would be $5,250
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Suppose Ginger deposits $12,000 in cash into her checking account at the Bank of Skidoo. The Bank of Skidoo has no excess reserv
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