Question: Please solve WITHOUT USING EXCEL. Show all work. Thank you! You are offered $1600 (in nominal dollars) 7 years from now in exchange for a

Please solve WITHOUT USING EXCEL. Show all work. Thank you!

You are offered $1600 (in nominal dollars) 7 years from now in exchange for a loan of $600 today. You expect inflation to run 2% per year, and your real hurdle rate is 5.5%. Should you make the loan

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