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A fully amortizing constant payment mortgage loan is made for $850,000 at 6% for 20 years.how do you amortization table showing the following information for
- A fully amortizing constant payment mortgage loan is made for $850,000 at 6% for 20 years.how do you amortization table showing the following information for the first 3 months of payments: beginning balance, monthly payment, amount of monthly payment going to interest, amount of monthly payment going to principal, and outstanding loan balance after payment is received.
- What is the outstanding loan balance at the end of the tenth year?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
