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e. What fraction of the loan has been paid off after 10 years (halfway through the life of the loan)? (Do not round intermediate calculations.
e. What fraction of the loan has been paid off after 10 years (halfway through the life of the loan)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Paid off loan f. If the inflation rate is 2%, what is the real value of the first (year-end) payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Real value of the first payment g. If the inflation rate is 2%, what is the real value of the last (year-end) payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Real value of the last payment h. Now assume the inflation rate is 8% and the real interest rate on the loan is unchanged. What must be the new nominal interest rate? (Do not round intermediate calculations. Enter your answers as a whole percent.) New nominal interest rate e. What fraction of the loan has been paid off after 10 years (halfway through the life of the loan)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Paid off loan f. If the inflation rate is 2%, what is the real value of the first (year-end) payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Real value of the first payment g. If the inflation rate is 2%, what is the real value of the last (year-end) payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Real value of the last payment h. Now assume the inflation rate is 8% and the real interest rate on the loan is unchanged. What must be the new nominal interest rate? (Do not round intermediate calculations. Enter your answers as a whole percent.) New nominal interest rate
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