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If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over
If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places
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