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Assume you are a lender. You estimate inflation for 2020 to be 6%. You charged a nominal interest rate of 7%. If actual inflation was

Assume you are a lender. You estimate inflation for 2020 to be 6%. You charged a nominal interest rate of 7%. If actual inflation was 6%, calculate the real interest rate you earned on the loan. Group of answer choices 1% 0% None of these answers is correct -1% 7%

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