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A-Calculate the monthly payment for a 15-year fixed rate mortgage of $300,000 with 6% mortgage rate. B-What is the interest paid in the first month?
A-Calculate the monthly payment for a 15-year fixed rate mortgage of $300,000 with 6% mortgage rate.
B-What is the interest paid in the first month? What is the amortization (principle paid) in the first month?
C-What is the outstanding loan balance after 10 years of payments?
Answer all parts clearly handwritten please
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