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In 1974, interest rates were 7.782% and the rate of inflation was 12.299% in Canada. What was the real interest rate in 1974? How would
In 1974, interest rates were 7.782% and the rate of inflation was 12.299% in Canada. What was the real interest rate in 1974? How would the purchasing power of your savings have changed over the year?
**please list out step by step actions, please show the formulas used, please DONT USE excel**
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