what is the solution

Assume you borrow a PLAM of $120,000 for 30 years. If real interest rate is 4.75% and inflation is expected to be 3% at end of year 1 , what is your monthly payment in the second year? \begin{tabular}{|} $644.76 \\ $663.51 \\ $629.46 \\ $639.34 \end{tabular} Question 5 1 pts Assume you borrow a PLAM of $120,000 for 30 years. If real interest rate is 4.75% and inflation is expected to be 4% in year 2 , what is the amount required to payoff the entire loan balance at the end of year 2 ? \begin{tabular}{|} \hline 123,455 \\ \hline 119,859 \\ \hline 124,481 \\ \hline 118,902 \\ \hline \end{tabular} Assume you borrow a PLAM of $120,000 for 30 years. If real interest rate is 4.75% and inflation is expected to be 3% at end of year 1 , what is your monthly payment in the second year? \begin{tabular}{|} $644.76 \\ $663.51 \\ $629.46 \\ $639.34 \end{tabular} Question 5 1 pts Assume you borrow a PLAM of $120,000 for 30 years. If real interest rate is 4.75% and inflation is expected to be 4% in year 2 , what is the amount required to payoff the entire loan balance at the end of year 2 ? \begin{tabular}{|} \hline 123,455 \\ \hline 119,859 \\ \hline 124,481 \\ \hline 118,902 \\ \hline \end{tabular}