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6. What is the payment in month 234 on a 30-year loan for $925,000 at 4.85% that requires no payments during the first five years

6. What is the payment in month 234 on a 30-year loan for $925,000 at 4.85% that requires no payments during the first five years and fully amortizing payments for the remaining years of the loan? Loan Amount $925.000 Answer Years 30 Periods Per Year 12 Interest Rate 4.85% Balance at EOM 60 Total Amortization Years 25

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