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A fully amortizing CAM loan is made for $ 1 2 5 , 0 0 0 at 6 percent interest for 2 0 years. Required:
A fully amortizing CAM loan is made for $ at percent interest for years. Required: a What will be the payments and balances for the first six months? b What would payments be for a CPM loan? c If both loans were repaid at the end of year would the lender earn a higher rate of interest on either loan?
A fully amortizing CAM loan is made for $ at percent interest for years.
Required:
a What will be the payments and balances for the first six months?
b What would payments be for a CPM loan?
c If both loans were repaid at the end of year would the lender earn a higher rate of interest on either loan?
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