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A PLAM has the following terms: loan amount: $225,000, realinterest rate: 5.00%, 30- year term, 2.50 discount points, annualpayment adjustments, monthly payments. The payment in

A PLAM has the following terms: loan amount: $225,000, realinterest rate: 5.00%, 30- year term, 2.50 discount points, annualpayment adjustments, monthly payments. The payment in year one is$1,281.4 2 answers

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