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what is the amount percentage increase in purchasing power a lender earned if the lender charged a nominal interest rate o 8% on a loan
what is the amount percentage increase in purchasing power a lender earned if the lender charged a nominal interest rate o 8% on a loan and the rate of inflation was 3% over the life of the loan?
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Energy, Foresight And Strategy
Authors: Thomas J Sargent
1st Edition
1317329686, 9781317329688
