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solve it correctly and please type your answer. I will vote accordingly. Fran lends Bob $1000 and next year Bob will repay Fran 51100. What

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solve it correctly and please type your answer. I will vote accordingly.

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Fran lends Bob $1000 and next year Bob will repay Fran 51100. What must the expected inflation rate be for Fran to earn an expected 3% real return? Show your work

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