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A PLAM has the following terms: loan amount: $ 3 7 5 , 0 0 0 , real interest rate: 5 . 0 0 %

A PLAM has the following terms: loan amount: $375,000, real interest rate: 5.00%,30- year term, 2.00 discount points, annual payment adjustments, monthly payments. The payment in year one is $2,013.08 and the payment in year two is $2,093.60. What is the inflation rate at the end of year one? Explain in financial calculator keystrokes

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