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Business, 08.04.2020 04:45 dwighthibbert56

Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a real return of 3 percent per year. Instructions: Enter your responses as whole numbers. a. The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 103 in one year and 106.1 in two years. What nominal rate of interest should Frank charge Sarah

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