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5.18. Suppose you take a 10/20 interest-only fixed-rate mortgage for $125,000 at 6 percent, monthly payments. A. What is the interest-only payment? B. What is
5.18. Suppose you take a 10/20 interest-only fixed-rate mortgage for $125,000 at 6 percent, monthly payments. A. What is the interest-only payment? B. What is the payment for the last twenty years to fully amortize the loan? C. What is the balance of the loan at the end of year 25
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