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In 2003 the interest rate paid by borrowers on a loan. averaged on 155% and the interest earned by lenders on savings. averaged on 11.6%.

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In 2003 the interest rate paid by borrowers on a loan. averaged on 155% and the interest earned by lenders on savings. averaged on 11.6%. With the aid of a diagram discuss the effect {If the duration of the loan/saving on the composition of the nominal interest rate

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