Question: Can you solve this general accounting problem using appropriate accounting principles? Giving up 1 unit of current consumption allows an individual to receive 1.08 units

Can you solve this general accounting problem using appropriate accounting principles?

Giving up 1 unit of current consumption allows an individual to receive 1.08 units of future consumption. What is the real rate of interest? a. 6.0% b. 7. 0% c. 8.0% d. 9.0%

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