Consider a 30 year loan w/ monthly level payments at the end of the month. The amount of the loan is 480,000. If the nominal rate is 3% and the interest rate is calculated at the end of each month, what is the amount of each monthly payment ?

Also calculate the outstanding balence right after the 180th payment retrospectively and prospectively.

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HW Z Consider a 30-yr loan w/ monthly level payments at the end of each month. The amount of the loan is 480,000. If the nominal aanval interest rate is 3% and the interest is calwlated at the end of each month, what is the amount of uch monthly payment? Also, calculate the outstanding balance right after the 18th payment retrospectively and prospectively