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Suppose you borrow $6,000 in student loans at a g percent annual nominal interest rate in 2016. a. How much will you owe after 10

Suppose you borrow $6,000 in student loans at a g percent annual nominal interest rate in 2016.

a. How much will you owe after 10 years of accumulating debt (suppose you dont repay your debt at all)?

b. If inflation rate is 6 percent per year over this period, how much will you owe after 10 years in real 2016 dollars.

c. Who is the loser in this scenario, you or your bank?

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