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3. A fully amortizing mortgage loan is made for $200,000 at 3.5% interest for 25 years. Determine payments for each of the periods ad below
3. A fully amortizing mortgage loan is made for $200,000 at 3.5% interest for 25 years. Determine payments for each of the periods ad below if interest is accrued (how often the payments are per year). a. Monthly. b. Quarterly. c. Annually. d. Weekly. 4. Regarding Problem 3, how much total interest and principal would be paid over the entire 25-year life of the mortgage in each case? Which payment pattern would have the greatest total amount of interest over the 25 -year term of the loan? Why
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