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What is the real interest rate for a loan that has an APR of 8.8% if the expected rate of inflation is 2.9%? (NOTE: Round
What is the real interest rate for a loan that has an APR of 8.8% if the expected rate of inflation is 2.9%? (NOTE: Round your answer to two decimal places and report it as a percent: for 1.55% you would write 1.55)
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