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A 30-year fully amortizing mortgage loan was made 10 years ago for $80,000 at 6 percent interest. The borrower would like to prepay the mortgage
A 30-year fully amortizing mortgage loan was made 10 years ago for $80,000 at 6 percent interest. The borrower would like to prepay the mortgage balance by $11,000. Required: a. Assuming he can r 2 answers
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