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Problems 1. There is a 1-year loan of $15,000. Both parties agree on a 6% of rental price of the money on the loan. Both

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Problems 1. There is a 1-year loan of $15,000. Both parties agree on a 6% of rental price of the money on the loan. Both anticipate a 8% inflation rate for the year. How much is the purchasing power loss on principal? How much is the purchasing power loss on interest? (2 points)

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