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A GPM for $300,000 is to be amortized for 30 years with interest at 6% per annum. Payment will increase by 6% each year at

A GPM for $300,000 is to be amortized for 30 years with interest at 6% per annum. Payment will increase by 6% each year at the end of the first two years.

Calculate the initial payment

What would be the outstanding balance after month 15?

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