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all of the answers that i have were incorrect A price level adjusted mortgage (PLAM) is made with the following terms: Amount = $96,100 Initial

all of the answers that i have were incorrect
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A price level adjusted mortgage (PLAM) is made with the following terms: Amount = $96,100 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 Required: a. Compute the payments at the beginning of each year (BOY b. What is the loan balance at the end of the fifth year? c. What is the yield to the lender on such a mortgage? Complete this question by entering your answers in the tabs below. Required a Required B Required Compute the payments at the beginning of each year (BOY). (Do not round in answers to the nearest dollar amount. Enter negative values with a minus sig BOY Balance Year 0 $ 431 457 $ Year 1 Year 3 Year 4 $ 485 Year 5 Required A Required B Required What is the loan balance at the end of the fifth year? (Do not round intermediate nearest dollar amount.) Loan balance

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