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A fully amortizing CAM loan is made for $125,000 at 6 percent interest for 20 years. Required: a. What will be the payments and balances

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A fully amortizing CAM loan is made for $125,000 at 6 percent interest for 20 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 5 , would the lender earn a higher rate of interest gn either loan? Complete this question by entering your answers in the tabs below. What will be the payments and balances for the first six months? Note: Do not round intermediate calculations, Round your final answers to 2 decimal places

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