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maportil maportil
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A year ago
An individual plans to borrow a sum of $10,000 for 1 year. The nominal interest charged on the borrowed sum is 6 percent.
a) If he takes the loan, what will be the interest amount and the total amount that he would have to pay at the end of the year?
b) If the rate of inflation in the economy is 10 percent, then is it a good idea for him to take the loan? Why or why not?
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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raihala49raihala49
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A year ago
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maportil Author
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A year ago
Thank you, thank you, thank you!
smdavis
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Yesterday
Brilliant ツ
choih94
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2 hours ago
Just got PERFECT on my quiz
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