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8. (6 points. 3+3) PLAM and reversed annuity mortgages a. Under which economic circumstances a PLAM type loan is greatly needed? Briefly explain. b. What

8. (6 points. 3+3) PLAM and reversed annuity mortgages a. Under which economic circumstances a PLAM type loan is greatly needed? Briefly explain. b. What kind of individuals are most likely to benefit from reversed annuity mortgages

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