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Assume that the real rate of interest is 2.82 percent and the anticipated percentage change in price levels over the life of the loan contract

Assume that the real rate of interest is 2.82 percent and the anticipated percentage change in price levels over the life of the loan contract is 9.57 percent. What is the nominal interest rate for the contract?

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Answer So the nominal interest rate for the loan contract is 1254 To find the nominal interest r... blur-text-image

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