Business, 07.04.2020 23:16 keelyrosewillia

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.) What was the real interest rate in 1975? Real rate of interest in 1975 was nothing%. (Round to two 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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