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In 1975. Interest rates were 7.85% and the rate of inflation was 120% in the United States. What was the real interest rate in 1975?

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In 1975. Interest rates were 7.85% and the rate of inflation was 120% in the United States. What was the real interest rate in 1975? How would the purchasing power of your savings have changed over the year? What was the real interest rate n 1975? There we of Imerestis . Round two decimal places)

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