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Business, 13.05.2021 20:30 zachisthequeen2002

Jimmy borrowed $30,000 to add a room to his house. He financed the loan over 3 years at 8 percent per year. He expects a 2 percent inflation rate each year for the next 3 years. It follows that he expects to pay an annual real interest rate of

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Jimmy borrowed $30,000 to add a room to his house. He financed the loan over 3 years at 8 percent pe...
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