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Calulate the following for a $1,000,000 loan with a 30 year amortization schedule, 5.25% interest: payment? the balance at the end of the 10th

 

Calulate the following for a $1,000,000 loan with a 30 year amortization schedule, 5.25% interest: payment? the balance at the end of the 10th year? interest and principal paid in the nineth year? (hint principal is the difference in balance at the end of 10 versus end of 9) total interest and principal paid during the term? (hint: think of retum of and return on investment and how much total payment was made) what would be the difference in interest and principal paid during the term versus a loan with 20 year amortization?

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