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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? O $663.51 $629.46 $639.34 $644.18

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