A certain loan has a stated interest rate of 11.6%. If the current inflation rate is 5.8%,

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A certain loan has a stated interest rate of 11.6%. If the current inflation rate is 5.8%, what is the real interest rate on this loan?

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: May 11, 2024 01:54 AM

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A certain loan has a stated interest rate of 11.6%. If the current inflation rate is 5.8%,

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Core Concepts of Accounting

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