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A lender is offering you a $ 3 7 5 , 0 0 0 3 0 Y FRM at 6 . 9 % . What

A lender is offering you a $

375, 000 30

Y FRM at

6.9 % .

What is your monthly payment over the life of the loan?

2 .

Using the information above, you decide to originate the loan, but move at the end of

7

years. What is the remaining balance you owe the bank given the due

-

-

sale clause?

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