Question
Question 3 (5 marks) : Jane has been offered a Price Level Adjusted Mortgage Loan of 100,000 to purchase a small bar. The loan is
Question 3 (5 marks): Jane has been offered a Price Level Adjusted Mortgage Loan of 100,000 to purchase a small bar. The loan is to be amortized over 25 years, with annual payments. The rate is j1 = 4%. Annual inflation rates are as follows:
Each year of Year 1-3 4%
Each year of Year 4-6 3%
What is the adjusted OSB at the end of 3rd year?
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Cost-Benefit Analysis
Authors: Euston Quah, E.J. Mishan
5th Edition
0415350379, 9780415350372
