ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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19.1 Question 16 (Algo)
Doris lends Sheila $110 for tuition expenses at the beginning of the fall semester.
If the inflation rate is expected to be 5% and Doris asks Sheila to pay $132 at the end of the semester, then the real rate of interest earned by Doris is%.
(Round your response to the nearest whole number.)
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Transcribed Image Text:19.1 Question 16 (Algo) Doris lends Sheila $110 for tuition expenses at the beginning of the fall semester. If the inflation rate is expected to be 5% and Doris asks Sheila to pay $132 at the end of the semester, then the real rate of interest earned by Doris is%. (Round your response to the nearest whole number.) Question Help
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