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Suppose Robert got a loan in 1999 for $10,000. If Robert agreed to a 5% nominal interest rate over the next 10 years and the

Suppose Robert got a loan in 1999 for $10,000. If Robert agreed to a 5% nominal interest rate over the next 10 years and the economy experienced an inflation rate of 3%, what would Robert's real interest rate be? 8% 5% 2% 2%

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