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. 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.
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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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