Compute the beginning balance-payment and interest paid

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Reference no: EM131867868

A price level adjusted mortgage is made with the following terms: Amount= $105,000 Initial interest rate =4% term= 30 years Points= 5% inflation increase at the rate of 6% per year for the next 10 years Payment reset at the begining of each year Compute the beginning balance, the payment, the interest paid,the amortization and the ending balance of year 4.

Reference no: EM131867868

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