Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Assume you borrow money to buy a new car at 10 percent interest, and you think that the economy-wide rate of inflation over the life of the loan will be 8 percent. If you are correct in your assumption, your real rate of interest on the car loan will be

Sagot :

Answer:

The answer is   2%

Explanation:

Have a wonderful day

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.