You borrowed $200 and repaid $211 at the end of the year. During the year, inflation was 0.7%. What was the real interest rate, in percent? (Please use the Fisher effect to approximate your answer if appropriate.) Round to one decimal place digit and do not enter the % sign. If your answer is 6.14%, enter 6.1. If your answer is 6.16%, enter 6.2. If appropriate, remember to enter the-sign 4.8

You borrowed $200 and repaid $211 at the end of the year. During the year, inflation was 0.7%. What was the real interest rate, in percent? (Please use the Fisher effect to approximate your answer if appropriate.) Round to one decimal place digit and do not enter the % sign. If your answer is 6.14%, enter 6.1. If your answer is 6.16%, enter 6.2. If appropriate, remember to enter the-sign 4.8

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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