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A mortgage loan in the amount of $200,000 has a quoted (nominal) interest rate of 6%; it calls for monthly payments, and is to be

A mortgage loan in the amount of $200,000 has a quoted (nominal) interest rate of 6%; it calls for monthly payments, and is to be amortized over 15 years. What is the amount of each monthly payment? What is the ending balance after the first payment is completed? (hint: under excel template, look for loan amortization template. Or use pmt function in excel)--

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