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A constant amortization mortgage (CAM) for $300,000 is to be amortized for 30 years with interest at 6% per annum. Complete the following amortization schedule.
- A constant amortization mortgage (CAM) for $300,000 is to be amortized for 30 years with interest at 6% per annum.
- Complete the following amortization schedule.
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| Beginning Balance | Monthly Payment | Interest | Amortization | Ending Balance |
| Month 1 |
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| Month 2 |
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- What would be the outstanding balance after 15 years?
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
