Problemyou take out a loan for 16101 that has equal nominal, Ask an Expert

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Problem:

You take out a loan for $16101 that has equal nominal annual payments over the next five years. The real rate of return on the loan is 3.9%, and the annual inflation rate is 2.1%.

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Question: What will the payments be? Explain in detail and specify all calculation and formulas.

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Category:- Basic Finance
Reference No.:- M91146730

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