Business, 20.11.2020 17:00 ahardy84

A loan of $100,000 is taken out which requires an annual interest payment of 6% of the borrowed amount of money (in market dollars). No principal payments are made, only interest is paid. Inflation is 3.1% per year. what will be the value of interest payment at the end of fifth year in real dollars?A. $5,930 B. $6,000 C. $5,150. D. $6.989

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A loan of $100,000 is taken out which requires an annual interest payment of 6% of the borrowed amou...