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

A fully amortizing mortgage loan is made for $80,000 at 6 % interest for 25 years. Payments are to be made monthly

Calculate

a) Monthly payments.

b) Interest and principal payment 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 payment through year 10.

f) what would the breakdown of interest and pricipal be during month50?

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