Suppose you take out a $$113,000,20-$year mortgage loan to buy a condo. The interest rate on the loan is $4\%.$ To keep things simple, we will assume you make payments on the loan annually at the end of each year.

h$.$ Now assume the inflation rate is $7\%$ and the real interest rate on the loan is unchanged. What must be the new nominal interest rate?

i$-1.$ Recompute the amortization table.

i$-2.$ What is the real value of the first $($year$-$end$)$ payment in this high$-$inflation scenario?

j$.$ What is the real value of the last payment in this high$-$inflation scenario? PLEASE SEE THE ATTACHED FOR THE CORRECT ANSWERS TO QUESTIONS H & I$-1.$ I NEED THE CORRECT ANSWER TO QUESTIONS I$-2$ & J$.$