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Business, 11.10.2019 04:30 tfmooning

In 1975, interest rates were 7.85 % and the rate of inflation was 12.3 % in the united states. what was the real interest rate in 1975? how would the purchasing power of your savings have changed over the year? (note: be careful not to round any intermediate steps less than six decimal places.)

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In 1975, interest rates were 7.85 % and the rate of inflation was 12.3 % in the united states. what...
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