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Business, 18.10.2019 20:30 amy290

Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. if the inflation rate is 3 percent, then your repayments to the lender have purchasing power than the dollars that s/he loaned to you.
a) less
b) more
c) the same
d) none of the above

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