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Consider a 40-year, fixed-rate mortgage for SEK 6 000 000 at a nominal rate of 4 % compounded monthly. ) Construct an amortization schedule for

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Consider a 40-year, fixed-rate mortgage for SEK 6 000 000 at a nominal rate of 4 % compounded monthly. ) Construct an amortization schedule for the first 6 months. (1) If the borrower wants to pay off the remaining balance on the mortgage after 12 years, what is the remaining balance on the mortgage? (iii) If the borrower wants to pay off the remaining balance on the mortgage after 25 years, what is the remaining balance on the mortgage

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