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A PLAM loan for 15 years at an annual interest rate of 3% and a balance of $150,000 was made? Suppose inflation increased by 3%

A PLAM loan for 15 years at an annual interest rate of 3% and a balance of $150,000 was made? Suppose inflation increased by 3% over the first year.?What is the new loan balance at the end of the first year?

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