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1, (10 points) Assume cm = 0.10%12. Calculate the mortgage balance after 5 and 10 years, for a level-payment, fixed-rate mortgage with maturity n =

1, (10 points) Assume cm = 0.10%12. Calculate the mortgage balance after 5 and 10 years, for a level-payment, fixed-rate mortgage with maturity n = 360 months and principal MB = 100,000

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