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A small local bank engages you to help them in mortgage loan calculations for their clients. John is a client of the bank, and he
A small local bank engages you to help them in mortgage loan calculations for their clients. John is a client of the bank, and he is considering buying a house via a 5 year-mortgage loan with a principal of $100,000 and an annual interest rate of 9%. Assuming annual payment, you are asked to help set up an amortization table.
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