A certain loan has a stated interest rate of 8 . 9 % . If the current

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Question:

A certain loan has a stated interest rate of

8.9 % .

If the current inflation rate is

5.8 %,

what is the real interest rate on this loan?

Posted Date: May 18, 2024 09:15 PM

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A certain loan has a stated interest rate of 8 . 9 % . If the current

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