A friend borrows 930 today and promises to pay you back


A friend borrows $930 today and promises to pay you back $1900 in 8 years. If inflation is expected to be 2.7% per year during this time, what is

a) the inflation-adjusted rate of return?_______ % per year

b) the real rate of return?_________% per

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Business Economics: A friend borrows 930 today and promises to pay you back
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