Business, 19.11.2019 03:31, lexibyrd120
Ramon decided to purchase a new car that cost $38,000. he went to the bank, where he secured a fixed rate loan at 10% for a period of five years. the cpi is rising at a rate of 3% each year. the real rate of interest that ramon will pay for his car loan in year 2 is:
a. 25%.
b. 13%.
c. 10%.
d. 7%.
e. 3%.
Answers: 2
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Ramon decided to purchase a new car that cost $38,000. he went to the bank, where he secured a fixed...
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