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A mortgage has an interest rate of 200 basis points over the treasury rate of 4%, an amortization period of 30 years and an initial

A mortgage has an interest rate of 200 basis points over the treasury rate of 4%, an amortization period of 30 years and an initial principal balance of $2,000,000.

1)What is the annual debt service?

2)What is the ending principal balance at the end of the tenth year?

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