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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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