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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
Posted: Sun Jul 03, 2022 6:43 am
by answerhappygod
- 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 1 (22.48 KiB) Viewed 11 times
Assume we have a PLAM for $450,000 mortgage with a 30-year term and monthly payments. The "real" loan rate is 3%, with inflation rates of 3% and 4% for years 1 and 2, respectively. What is the loan payments during the first year? 1,954.14 1,978.22 1,997.22 1,789.12 None of the given answers