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A 30-year FRM loan of $300,000 is issuedat an annual interest rate of 6% with monthly amortization. What is the total interest payment and principal
A 30-year FRM loan of $300,000 is issuedat an annual interest rate of 6% with monthly amortization. What is the total interest payment and principal payment paid in year 11? What is the balance at the end of year 20?
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