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A borrower is evaluating a loan $325,000, 20 year term, and annual rate of interest at 10%. He anticipates making a lump sum payment of
A borrower is evaluating a loan $325,000, 20 year term, and annual rate of interest at 10%. He anticipates making a lump sum payment of $100,000. How much is he expecting to be paying monthly assuming a beginning period? Show your work using excel.
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