What is the approximate and the exact real rate of interest

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If Treasury bills are currently paying 6.10 percent and the inflation rate is 2.1 percent, what is the approximate and the exact real rate of interest? (Do not include the percent signs (%). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Reference no: EM13296852

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