You borrow $1,000 for one year at 5% interest to buy acouch. Although you did not anticipate

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You borrow $1,000 for one year at 5% interest to buy acouch. Although you did not anticipate any inflation,there is unexpected inflation of 5% over the life of your loan a. What was the real interest rate on your loan? b. Explain how you gained from the inflation. c. Who lost as a result of the situation described?explain

Posted Date: Jun 26, 2024 04:19 PM

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You borrow $1,000 for one year at 5% interest to buy acouch. Although you did not anticipate

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