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Suppose You Lend $5000 to Your Brother for One Year

Question 39

Multiple Choice

Suppose you lend $5000 to your brother for one year at a nominal interest rate of 7%.Inflation during that year is 4%.As a result,you will receive ________ at the end of the year.


A) $5150
B) $5225
C) $5350
D) $5550

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