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Bill lends joann? $1,000 for a year at a nominal interest rate of 77?%. if both bill and joann expect the inflation rate to be 22?% next? year, then the real rate of interest is…

Bill lends joann? $1,000 for a year at a nominal interest rate of 77?%. if both bill and joann expect the inflation rate to be 22?% next? year, then the real rate of interest is…
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Bill lends joann? $1,000 for a year at a nominal interest rate of 77?%. if both bill and joann expect the inflation rate to be 22?% next? year, then the real rate of interest is

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User Zeyad Assem
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6.9k points

1 Answer

4 votes
the same unless you refinance.
answered
User Nimizen
by
8.0k points
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