Business, 30.03.2020 17:36 jourdyno

Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the inflation rate is 7 percent, then your repayments to the lender have purchasing power as the dollars that s/he loaned to you.

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Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the i...

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