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A fully amortizing mortgage loan is made for $80,000 at 6 percent interest for 25 years. Payments are to be made monthly. Calculate: a. Monthly

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A fully amortizing mortgage loan is made for $80,000 at 6 percent interest for 25 years. Payments are to be made monthly. Calculate: a. Monthly payments. b. Interest and principal payments during month 1 . c. Total principal and total interest paid over 25 years. d. The outstanding loan balance if the loan is repaid at the end of year 10 . e. Total monthly interest and principal payments through year 10 . f. What would the breakdown of interest and principal be during month 50

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