Question: Suppose you received $ 1 , 0 7 7 from a $ 1 , 0 0 0 investment you made one year ago. However, the

Suppose you received $1,077 from a $1,000 investment you made one year ago. However, the items you could purchase one year ago for $1,000 now cost $1,040. What is the real interest rate that you earned on your investment?

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