The interest rate on your car loan is 20 percent and the, Accounting Basics

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The interest rate on your car loan is 20 percent and the

Suppose you were borrowing money to buy a car. Which of these situations would you prefer: The interest rate on your car loan is 20 percent and the inflation rate is 19 percent or the interest rate on your car loan is 5 percent and the inflation rate is 2 percent? Briefly explain.

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Accounting Basics: The interest rate on your car loan is 20 percent and the

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