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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: Chloe has a $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is
Post by: Loraine on Jun 21, 2015
Chloe has a $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent, what is the real interest rate paid on the loan?
A) 8 percent
B) 5 percent
C) 11 percent
D) 3 percent
E) 2.67 percent


Title: Re: Chloe has a $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate
Post by: Chimelo46 on Jul 16, 2015
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Title: Re: Chloe has a $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is
Post by: Chimelo46 on Aug 31, 2015
It was nothing, thanks for updating us.