question archive A PLAM has the following terms: loan amount: $128,000, real interest rate: 5
Subject:BusinessPrice: Bought3
A PLAM has the following terms: loan amount: $128,000, real interest rate: 5.50%, 30-year term, 2.50 discounted points, annual payments adjustments, monthly payments, observed inflation EOYI: -3%, observed inflation EOY2: 4%. What is the monthly payment for the third year?
M7