Business
Business, 30.10.2020 17:00, jharb65

Luigi is willing to lend Klaus $5,000 for one year at a nominal rate of interest of 7%. Both Luigi and Klause expect the rate of inflation to be 2% in the next year. If the actual rate of inflation over the year was 1%, what is the real return did Luigi receive

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Luigi is willing to lend Klaus $5,000 for one year at a nominal rate of interest of 7%. Both Luigi a...

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