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Last year, I took out a loan with an interest rate of 3.69% when inflation was only 1.4%. Now inflation is 6.3%. If I were
Last year, I took out a loan with an interest rate of 3.69% when inflation was only 1.4%. Now inflation is 6.3%. If I were to take out a similar loan today, what would my interest rate be? (Assume the only thing that has changed is the inflation rate).
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