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Consider the hypothetical interest rates in the table below. Based on that information, what is the pure interest rate? Annual Interest Rate Percentage 30-year mortgage

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Consider the hypothetical interest rates in the table below. Based on that information, what is the pure interest rate? Annual Interest Rate Percentage 30-year mortgage 4% 5-year new car loan 7.5% 20-year Treasury 2% bond Prime interest rate 3.25% Credit card 13% Pure interest rate

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