12 points You loaned money out last year at a stated rate of 16%. Assume...
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12 points You loaned money out last year at a stated rate of 16%. Assume the inflation rate last year was 3.4% a. What was your real return? (do not use the approximation method). (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 12.34.) a. Reat return % 8 00:59:36 b. What formula did you use to calculate your answer in part a? (Write the number you used from your Formula Sheet.) b. Formula number
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