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1. Suppose you buy a house with a $100,000 loan. The mortgage rate is 6%, the mortgage matures in 30 years. The face value is

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1. Suppose you buy a house with a $100,000 loan. The mortgage rate is 6%, the mortgage matures in 30 years. The face value is zero. Based on the amortization schedule what is the ending balance at the end of month 1 ? Select one: a. $99,638 b. $100,000 c. $99,880 d. $99,900

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