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Business, 19.10.2019 03:30 21hendlill

Aprice level adjusted mortgage (plam) is made with the following terms: amount = $95,000; initial interest rate = 4%; term = 30 years; points = 6%; payments to be reset at the beginning of each year. assuming inflation is expected to increase at the rate of 6% per year for the next five years: compute the payments at the beginning of each year

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