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14-48 A 30-year mortgage for $100,000 has been issued. The interest rate is 10% and payments are made annually. If your time value of money

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14-48 A 30-year mortgage for $100,000 has been issued. The interest rate is 10% and payments are made annually. If your time value of money is 12%, what is the PW of the payments in Year-1 dollars if inflation is 0%2 3%76%2 9%

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