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If Treasury bills are currently paying 4.6 percent and the inflation rate is 1.9 percent, what is the approximate real rate of interest? The exact

If Treasury bills are currently paying 4.6 percent and the inflation rate is 1.9 percent, what is the approximate real rate of interest? The exact real rate?
Input area:
Treasury rate 4.60%
Inflation rate 1.90%
(Use cells A6 to B7 from the given information to complete this question.)
Output area:
Solve Using Excel
Approximate real rate
Exact real rate

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