Question: Suppose you take out a $ 1 1 3 , 0 0 0 , 2 0 - year mortgage loan to buy a condo. The

Suppose you take out a $113,000,20-year mortgage loan to buy a condo. The interest rate on the loan is 4%. To keep things simple, we will assume you make payments on the loan annually at the end of each year.
h. Now assume the inflation rate is 7% and the real interest rate on the loan is unchanged. What must be the new nominal interest rate?
i-1. Recompute the amortization table.
i-2. What is the real value of the first (year-end) payment in this high-inflation scenario?
j. What is the real value of the last payment in this high-inflation scenario? PLEASE SEE THE ATTACHED FOR THE CORRECT ANSWERS TO QUESTIONS H & I-1. I NEED THE CORRECT ANSWER TO QUESTIONS I-2 & J.
Suppose you take out a $113,000,20-year mortgage loan to buy a

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