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You Borrow Money to Buy a House in 2012 at a Fixed

question 195

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You borrow money to buy a house in 2012 at a fixed interest rate of 6.5%.By 2016,the inflation rate has risen to 8.5%.Considering only your mortgage,is inflation good news or bad news for you?


Definitions:

Agreeableness

A personality trait characterized by altruism, trust, kindness, affection, and other prosocial behaviors.

Generativity

A concern for establishing and guiding the next generation, often seen as a stage of personal development in adulthood.

Erik Erikson

A psychologist known for his theory on the psychological development of human beings across eight stages of life.

Productive

Being capable of or successful in producing a desired result, outcome, or a significant amount of goods or work.

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