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If Treasury bils are currently paying 5.8 percent and the inflation rate is 2.7 percent,...

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Accounting

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If Treasury bils are currently paying 5.8 percent and the inflation rate is 2.7 percent, what is the approximate and the exact real rate of interest? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g,32.16.) Approximate real rate 3.1 % Exact real rate References eBook& Resources Leaming Objective: 06-04 Evaluate the impact of inflation on interest rates. Worksheet Difficulty: 1 Basic Section: 6.6 Inflation and Interest Rates Check my work

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