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After college, Ms Terri amortizes a loan of $200,000 through a 25 year mortgage at 8% compounded quarterly. Find (a) What should be the quartely
After college, Ms Terri amortizes a loan of $200,000 through a 25 year mortgage at 8% compounded quarterly. Find (a) What should be the quartely payment? (b) what is the total interest charges? (c) What is the principal remaining after 10 years?
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