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Assume we have a PLAM for $450,000 mortgage with a 30 year term and monthly payments. The real loan rate is 3%, with inflation
Assume we have a PLAM for $450,000 mortgage with a 30 year term and monthly payments. The "real" loan rate is 3%, with inflation rates of 3, 4, and 5% for years 1, 2, 3, respectively. What is the loan balance at the beginning of the third year?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
