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A loan of $800,000 is taken out which requires an annual interest payment of 5.7% of the borrowed amount of money [in market dollars). No

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A loan of $800,000 is taken out which requires an annual interest payment of 5.7% of the borrowed amount of money [in market dollars). No principal payments are made, only interest is paid. Ination is 2.7% per year. What will be the value of interest payment at the end of fourth year in real dollars

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