What was the real interest rate in? 1975

Reference no: EM133553856

Purchasing Power and Savings:

In? 1975, interest rates were 7.85% and the rate of inflation was 12.3% in the United States. What was the real interest rate in? 1975? How would the purchasing power of your savings have changed over the? year? ?(Note: Be careful not to round any intermediate steps less than six decimal? places.)

Reference no: EM133553856

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