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What is the inflation rate in 2001

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Masako buys a house in 1999. She obtains a mortgage that carries an annual internet rate of 12 per cent, and makes payment of $880 per month. The CPI in 100, in 2000 it is 110, and in 2001 it is 120. What is the inflation rate in 2001?

Reference no: EM132669221

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