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An FI funds $5M mortgage, which is 30-year fixed term with annual mortgage rate equal to 6%. Mortgage payments are monthly. Suppose there is

An FI funds $5M mortgage, which is 30-year fixed term with annual mortgage rate equal to 6%. Mortgage

An FI funds $5M mortgage, which is 30-year fixed term with annual mortgage rate equal to 6%. Mortgage payments are monthly. Suppose there is no prepayment, how much is the interest component in the last month when the mortgage is fully paid off?

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