A price level adjusted mortgage (PLAM) is made with the following terms: Amount = $96,800 Initial interest rate = 4 perc

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A price level adjusted mortgage (PLAM) is made with the
following terms:
Amount = $96,800
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?
I have tried to follow the steps provided in a similar
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