Suppose a person named Nare borrows $4,000 in 2021 which she needs to pay back to the “Bank of Mkrtchyan” in a year. The
Posted: Fri Jul 01, 2022 7:55 am
Suppose a person named Nare borrows $4,000 in 2021 which sheneeds to pay back to the “Bank of Mkrtchyan” in a year. The nominalinterest rate is 75%, and the inflation rate is 35%. How much willshe need to pay back to the bank in 2022?