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A PLAM is made with the following terms, to be adjusted by the CPI after year 1: Amount = $125,000 Initial Interest Rate: 5% Term
A PLAM is made with the following terms, to be adjusted by the CPI after year 1: Amount = $125,000 Initial Interest Rate: 5% Term = 30 years CPI during year 1 = 8% (increase) What is the balance at the end of the first year?
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