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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
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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 ________. Group of answer choices $6,000; $5,500 $5,100; $5,050 $5,050; $5,025 $5,500; $5,250

User Juampy NR
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The first would would be $5,500 and then the last space would be $5,250
User Michael Osofsky
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