A certain loan has a stated interest rate of 1 0 . 6 % . If the

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Question:

A certain loan has a stated interest rate of

10.6 % .

If the current inflation rate is

3.9 %,

what is the real interest rate on this loan? the correct answer is

6.45

but show how to get there please

Posted Date: May 18, 2024 10:09 PM

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A certain loan has a stated interest rate of 1 0 . 6 % . If the

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