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Assume you borrow a PLAM of $80,000 for 30 years. If real interest rate is 5% and inflation is expected to be 3% every year,

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Assume you borrow a PLAM of $80,000 for 30 years. If real interest rate is 5% and inflation is expected to be 3% every year, how much do you owe to the lender if you want to pay off the loan at the end of Year 1 ? 73,42275,93878,81981,184

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