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Assume you borrow a PLAM of $120,000 for 30 years. If real interest rate is 5% and inflation is expected to be 3% every year,

Assume you borrow a PLAM of $120,000 for 30 years. If real interest rate is 5% and inflation is expected to be 3% every year, what is your monthly payment in the second year? $629.46 $663.51 O $639.34 O $644.18

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