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Posted on Sep 11, 2024

Assume a mortgage loan with a principal balance of $ 1 0 0 , 0 0 0 and an interest rate of 6 % .

Assume a mortgage loan with a principal balance of $

100, 000

and an interest rate of

6 % .

The loan is to be repaid over

20

years, and the minthly payment is to be $

599.55 .

What type of amortization plan is this?

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