Social Studies, 13.10.2019 06:30, Gillo34

Andy offered jenny, a loan of $1,000. jenny paid andy back $1,000 a year later. the inflation rate during that year was 1.5%. did andy lose any money?
a. no, he didn’t because he got back what he offered a year ago b. yes, he lost $1.5 c. yes, he lost $15 d. yes, he lost $20 e. yes, he lost $150

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Andy offered jenny, a loan of $1,000. jenny paid andy back $1,000 a year later. the inflation rate d...

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