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A lender agrees to finance a $200,000 at 6% for 10 years. The first two years, monthly payment will be interest only. The remaining eight

A lender agrees to finance a $200,000 at 6% for 10 years. The first two years, monthly payment will be interest only. The remaining eight years the loan will be fully amortized. What are the monthly payments due the first two years? What are the payments after that? There is no negative amortization. (show work with financial calculator strokes)

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