Business, 17.03.2020 05:23, 2022rickskyye

You lend $5,000 to a friend for one year at a nominal interest rate of 10%. Inflation during that year is 5%. As a result, you will receive at the end of the year, but that money has a purchasing power of .

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You lend $5,000 to a friend for one year at a nominal interest rate of 10%. Inflation during that ye...