7 Your firm recently lent Arlington Enterprises $22,720,000 million for one year at an interest rate of 13.00%. Inflation during the year is expected to be 4.40%. Answer the following questions to gauge the impact of inflation on the real interest to be paid. (Round all answers to 2 decimal places.) 10 points a. How much interest income will your firm receive from the transaction, calculated the traditional way? Skipped Interest income $ b. What is the approximate real rate of interest? eBook Approximate real rate of interest % Print References c. What is the real portion of the interest income? Real portion of interest income d. By how much will interest income be understated due to inflation? Understated interest