Recent content by tHeUnk0wn

thanks for your replies

So basically i assume that inflation would increase how salary increases with it and also show how much easier it is to make repayments based upon total salary.

I think so Well i would presume that as inflation increases you would naturally get a payrise but i'll give you all the information quoted from the assignment. Note: this is an assignment about Home loans and etc. "Most people report that finding the money to make the repayments is a burden...

Current Salary=$80,000 Current Inflation Rate=3.6% Use this rate to demonstrate that your salary will increase in relation to the inflation rate. Background: This is a question from a home loan assignment where we have to prove how to reduce your loans using various equations to forecast...