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Var John borrowed $3,000 from his bank for one year at 8%. If the rate of inflation turned out to be 3%, what can you sa
Posted: Tue Nov 16, 2021 8:22 am
by answerhappygod
- Var John Borrowed 3 000 From His Bank For One Year At 8 If The Rate Of Inflation Turned Out To Be 3 What Can You Sa 1 (23.49 KiB) Viewed 108 times
Var John borrowed $3,000 from his bank for one year at 8%. If the rate of inflation turned out to be 3%, what can you say about the bank's purchasing power from this operation, when the loan is paid back? O A. The bank's real purchasing power decreased by 4.63% OB. The bank's real purchasing power increased by 4.85%. OC. The bank's real purchasing power increased by 11.24%. OD. The bank's real purchasing power increased by 5.00%.