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Assume that in 1974, interest rates were 7.484% and the rate of inflation was 13.004%. What was the real interest rate in 1974? How would

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Assume that in 1974, interest rates were 7.484% and the rate of inflation was 13.004%. What was the real interest rate in 1974? How would the purchasing power of your savings have changed over the year? The real rate of interest in 1974 was %, which means that the purchasing power of your savings would have by [%. (Round to three decimal places.) increased decreased

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