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The expected inflation rate is 3.6% per annum.If Loans-4-U Ltd offers you a loan at a nominal interest rate of 21.8% per annum, what is

The expected inflation rate is 3.6% per annum.If Loans-4-U Ltd offers you a loan at a nominal interest rate of 21.8% per annum, what is the real interest rate on the loan?(Please use the actual real interest rate formula and then enter in decimals and show your answer to the nearest 10th of a percent, i.e. 10.1% would be shown as 0.101)

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