1. A price level adjusted mortgage (PLAM) is made with the following terms: Amount $95,000 Initial interest rate 4 percent Term 30 years Points 6 percent Payments to be reset at the beginning of each year. Assuming inflation is expected to increase at the rate of 6 percent per year for the next five years: a. Compute the payments at the beginning of each year (BOY). b. What is the loan balance at the end of the fifth year?