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Assume that the one-year interest rate at the end of each year from year one to year five is 5%, 5%, 4%, 3.5%, 3% respectively.
Assume that the one-year interest rate at the end of each year from year one to year five is 5%, 5%, 4%, 3.5%, 3% respectively. What do you infer of the future state of the economy? Explain why (in not more than 40 words). You must show your calculation
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