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5 . A fully amortizing CAM loan is made for $ 1 2 5 , 0 0 0 at 1 1 percent interest for 2
A fully amortizing CAM loan is made for $ at percent interest for years.
a What will be the monthly payments and remaining loan balances for the first six months?
b What would monthly payments be if the loan were CPM instead?
c If both loans the CAM and CPM are repaid at the end of year would the lender earn a higher rate of interest on either loan? Which one and why? Use Excel. Can you answer clearly the letter B AND C PLEASE WITH EXCEL.
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