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PLAM and ARM: a. What is the main difference between a PLAM and an ARM? Briefly explain. b. Under which economic circumstances a PLAM type

PLAM and ARM: a. What is the main difference between a PLAM and an ARM? Briefly explain. b. Under which economic circumstances a PLAM type loan is greatly needed? Briefly explain. c. What is the main difference between negatively amortized mortgage and reversed annuity mortgage?

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