Question: A bank makes a 30 year Fully Amortizing FRM for $1.500.000 at an annual interest rate of 4 125% compounded monthly with monthly payments Suppose

A bank makes a 30 year Fully Amortizing FRM for $1.500.000

A bank makes a 30 year Fully Amortizing FRM for $1.500.000 at an annual interest rate of 4 125% compounded monthly with monthly payments Suppose inflation is 2% per year, compounded monthly. What is the real value of the 20th payment? $7.031.61 57.269.75 54.892.33 56.787.54

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