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Business, 23.12.2021 07:00 joel53

Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the inflation rate is 10 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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