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You have the opportunity to invest in the Belgravian Republic at 25 percent interest. The inflation rate is 21 percent. What is the real rate

You have the opportunity to invest in the Belgravian Republic at 25 percent interest. The inflation rate is 21 percent. What is the real rate of interest?

Please do not copy from Chegg otherwise I have to report the answer. Explain the answer thoroughly by showing each step of the calculation.

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