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Your bank preapproves you for a home mortgage with a 4.5% nominal interest rate. Inflation is estimated to be 2% over the life of the
Your bank preapproves you for a home mortgage with a 4.5% nominal interest rate. Inflation is estimated to be 2% over the life of the mortgage. What would be your mortgage's expected real interest rate? a) 4.5% b) 6.5% c) 2.5% d) 2%
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