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can you please use a financial calculator or excel and show me the steps thanks so much 6. A 100,000.00 mortgage has a 25 -year
can you please use a financial calculator or excel and show me the steps thanks so much
6. A 100,000.00 mortgage has a 25 -year amortization, at 3% interest compounded annually with a monthly mortgage payment. a. How much are the monthly mortgage payments? (2 points) b. After 5 years ( 60 months) how much is the outstanding balance? (4 points) c. In reference to b., how much interest has been paid to the lender? (2 points)Step by Step Solution
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