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You lend $5000 to a friend for one year at a nominal interest rate of 10%. The CPI over that year rises from 180 to
You lend $5000 to a friend for one year at a nominal interest rate of 10%. The CPI over that year rises from 180 to 190. What is the real rate of interest you will earn? Question 8Answer a. 4.74% b. 4.4% c. 10% d. 0%
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