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Assume a fixed rate mortgage [FRM] loan is made in an amount of $100,000 at a nominal interest rate of 7% for a term of

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Assume a fixed rate mortgage [FRM] loan is made in an amount of $100,000 at a nominal interest rate of 7% for a term of 30 years 1] If the mortgage is a Fully Amortizing [FA], what is the Monthly Payment ? 2] If the mortgage is a Partially Amortizing [PA] , what is the Monthly Payment? Suppose a balloon payment at maturity of $50,000 3] If the mortgage is a Zero Amortizing [IO], what is the Monthly Payment ? 4] If the mortgage is a Negative Amortizing [NA], what is the Monthly Payment ? Suppose a balloon payment at maturity of $120,000

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