You plan to live in your house for 20 years and your 20


You plan to live in your house for 20 years, and your 20 year mortgage (principle and interest only) is $2,100/month. If you expect inflation to average 3% annually, what is your constant dollar mortgage payment on the day of your last payment?

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Business Economics: You plan to live in your house for 20 years and your 20
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