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Suppose that you borrow $5100 and you need to repay $5508 after a year. Assume that the inflation rate is 5% per year. What is

Suppose that you borrow $5100 and you need to repay $5508 after a year. Assume that the inflation rate is 5% per year.

What is the precise real interest rate?

Answer for the precise real interest rate (two decimal places): ___________

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