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Suppose Alex borrows 120,000 in 2021 for one year at a nominal interest rate of 7 percent. what is the nominal repayment in 2022? what

Suppose Alex borrows 120,000 in 2021 for one year at a nominal interest rate of 7 percent.

what is the nominal repayment in 2022?

what is real repayment in 2021 dollars (2021 is the base year) if the actual inflation rate is 3 percent?

What is the real repayment in 2021 dollars if inflation is 6 percent?

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