Assume we have a PLAM for $450,000 mortgage with a 30 year term and monthly payments. The “real” loan rate is 3%, with i

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answerhappygod
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Assume we have a PLAM for $450,000 mortgage with a 30 year term and monthly payments. The “real” loan rate is 3%, with i

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Assume we have a PLAM for $450,000 mortgage with a 30 year termand monthly payments. The “real” loan rate is 3%, with inflationrates of 3%, 4%, and 5% for years 1, 2, 3, respectively. What isthe loan payments at the beginning of the second year?
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