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A monthly amortizing, $ 100,000 fixed-rate loan amortizes fully in 30 years and has a contract rate of 6%. Total initial friction costs equal $

A monthly amortizing, $ 100,000 fixed-rate loan amortizes fully in 30 years and has a contract rate of 6%. Total initial friction costs equal $ 6,000 What is the monthly payment?

The loan is pre-paid after 4 years. What is the loan balance?

What is the EBC, if no pre-payment penalties are applied?

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