Cynthia B. has just taken a fixed-rate loan and agreed to pay a nominal interest rate of 6 percent. | Cheap Nursing Papers
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Cynthia B. has just taken a fixed-rate loan and agreed to pay a nominal interest rate of 6 percent.

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Cynthia B. has just taken a fixed-rate loan and agreed to pay a nominal interest rate of 6 percent. If the inflation rate during the first year of the loan was 1 percent, her real interest rate that first year was

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