Find what is the constant dollar amount of the payment

Reference no: EM13299886

You have a $1,500 monthly loan payment. If inflation is 3.5% annually (compounded monthly). What is the constant dollar amount of this payment in your 80th month?

Reference no: EM13299886

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Find what is the constant dollar amount of the payment : You have a $1,500 monthly loan payment. If inflation is 3.5% annually (compounded monthly). What is the constant dollar amount of this payment in your 80th month

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