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A price level adjusted mortgage (PLAM) is made with thefollowing terms:Amount = $95,900Initial interest rate = 4 percentTerm = 30 yearsPoints = 6 percentPayments to

A price level adjusted mortgage (PLAM) is made with thefollowing terms:Amount = $95,900Initial interest rate = 4 percentTerm = 30 yearsPoints = 6 percentPayments to be reset at the beginning of 1 answer

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