For a real interest rate of 12% per year and an inflation rate of 7% per year,
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For a real interest rate of 12% per year and an inflation rate of 7% per year, the market interest rate per year is closest to:
a. 4.7%
b. 7%
c. 12%
d. 19.8%
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Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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