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
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% and 4% for years 1 and 2, respectively. What is theloan payments during the first year?