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You loaned money out last year at a stated rate of 15%. Assume the Inflation rate last year was 4.3% a. What was your real

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You loaned money out last year at a stated rate of 15%. Assume the Inflation rate last year was 4.3% a. What was your real return? (do not use the approximation method) (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, c.9., 12.34.) . Real retum % b. Whet formula did you use to calculate your answer in parta? (Write the number you used from your Formula Sheet.) b. Formuln number

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