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Old 07-31-2007   #1
mame3900
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Default Math help real quick?

For a lender in the 34 percent tax bracket to be as well off in real terms when there is an expected change of inflation from 12 percent to 8 percent, how much must nominal interest rates change?a. -6.1 percentb. -2.6 percentc. +2.6 percentd. +6.1 percent