Question 1 5 pts Suppose that you borrow an $X at 9%, compounded monthly, over five years. Knowing that the 9% represents the market interest rate, the monthly payment in actual dollars will be $500. If the average monthly general inflation rate is expected to be 0.5%, what is the equivalent equal monthly payment series in constant dollars? (hint: remember that at the present constant = actual) $332.7 $432.7 $532.7 None of these answers Question 1 5 pts Suppose that you borrow an $X at 9%, compounded monthly, over five years. Knowing that the 9% represents the market interest rate, the monthly payment in actual dollars will be $500. If the average monthly general inflation rate is expected to be 0.5%, what is the equivalent equal monthly payment series in constant dollars? (hint: remember that at the present constant = actual) $332.7 $432.7 $532.7 None of these answers