Question: Type or paste question here Assume that in 1974, interest rates were 8.639% and the rate of inflation was 12.248%. What was the real interest

Type or paste question here Assume that in 1974, interest rates were Type or paste question here

Assume that in 1974, interest rates were 8.639% and the rate of inflation was 12.248%. What was the real interest rate in 1974? How would the purchasing power of your savings have changed over the year? The real rate of interest in 1974 was %, which means that the purchasing power of your savings would have V by %. (Round to three decimal places.)

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